London Derivatives Exchange
|London Derivatives Exchange|
|Key People||VJ Angelo|
|Products||Interest Rate Derivatives|
London Derivatives Exchange is the operator of an order matching platform and creates new products. The goal of the company is to create hybrid products that help bridge the gap between listed and OTC contracts.
LDX came out of the restructured GMEX Group in October 2016 and technically it is the revised brand name for GMEX Limited. Led by former GMEX co-founder VJ Angelo, LDX operates an order matching platform (LDX) and product development company (GDI). Its initial product was the Euro denominated Interest Rate Swap Constant Maturity Future (IRS CMF).
Products and Services
LDX Interest Rate Swap Constant Maturity Future (IRS CMF): These contracts: never expire, have no time decay and do not mature, trade as a rate, buyer pays fixed/seller receives fixed, notional size of contract varies by tenor and is listed and traded on Eurex Exchange.