Deutsche Börse Group reports that Global Markets Exchange Group Limited (GMEX Exchange) has received approval from the Commodity Futures Trading Commission (CFTC) to offer its Interest Rate Swap Constant Maturity Futures (IRS CMF) to US-based firms by directly accessing GMEX Exchange. Trade confirmation and clearing of the GMEX IRS CMF takes place at Eurex, the derivatives marketplace of Deutsche Börse.

Deutsche Börse says that transactions will be processed via the Eurex Trade Entry Service, which has been made available to US-based exchange participants recently.

Hirander Misra, CEO and co-founder of GMEX Exchange commented: “With the CFTC approval, we can further expand by offering our IRS CMF to US-based firms.This is an important part of our growth strategy as it enables a wider range of buy- and sell-side participants to gain access to our innovative products to facilitate effective hedging of their interest rate exposure.”