GLMX Becomes a Registered ATS and Broker-Dealer
New York, June 21, 2018 – GLMX Technologies, LLC (GLMX), a comprehensive technology solution for the trading of repurchase
agreements (“repo”) and securities lending, has been granted registration by the Securities Exchange Commission (SEC) and
the Financial Industry Regulatory Authority (FINRA) as a registered alternative trading system (ATS) and broker-dealer.
GLMX believes the registration is a crucial step that allows the Company to provide more streamlined interaction and reporting
between existing counterparties on both the buy and sell sides.
The registration comes at a time of rapid growth for GLMX, which surpassed $3 trillion in aggregate system volume since its
repo trading technology was launched in 2016. Weekly trading volume for GLMX has also hit an all-time high, recently surpassing
$100 billion, an increase of over 900% year over year.
“The relentless push for efficiency and the demands of global regulatory reporting have reached a tipping point in the securities
financing markets. As such, an electronic trading solution for these markets seems inevitable.” said Glenn Havlicek, Co-Founder
and CEO of GLMX. "Becoming a registered ATS and broker-dealer is the next major step in our company's evolution and in helping
to drive forward this structural shift in the market.”
GLMX’s customizable platform intuitively and electronically replicates the manual workflows that are widely used in repo trading,
enabling easy adoption and limited disruption for all market participants.
In January 2018, GLMX completed a $20 million capital raise that coincided with the re-launch of its ground-up, redesigned technology.
About GLMX
GLMX is a technology company serving the capital markets and is a leading global provider of transformative technology for equities and fixed income securities financing. With offices in North America, the United Kingdom, and Asia-Pacific, global buy-side and sell-side institutions rely on GLMX for access to enhanced market liquidity and to maximize trade lifecycle efficiency and reporting.GLMX’s powerful market position continues to grow as it diversifies, taking its proven model into adjacent market sectors such as Total Return Swaps (TRS), and Time Deposits, CDs, and Commercial Paper. For more information about GLMX, please visit https://www.glmx.com/.