Record $1 Trillion Daily Balance Reached on GLMX as Adoption of Electronic Trading for Securities Finance Accelerates
NEW YORK, December 1, 2022 — GLMX Technologies LLC (“GLMX”), a comprehensive global technology
solution for trading Money Market instruments, including repurchase agreements and securities lending
transactions, yesterday eclipsed $1 Trillion in daily balances for the first time. These balances represent
the trading activity of some of the largest global financial institutions which utilize GLMX technology to
negotiate and execute securities financing transactions (SFTs). Since inception, GLMX has seen $120
Trillion in volume executed via its technology.
“The $1 trillion mark is a major milestone for GLMX, and reflects the powerful and ongoing technology
shift in the overall securities finance industry”, said Glenn Havlicek, CEO and Co-Founder of GLMX.
“Achieving this number, seemingly unreachable a few years ago, is testament to the hard work done by
the talented team at GLMX and the commitment of our network of leading market participants who use
our technology every day.”
“GLMX has established itself as the leader in Dealer-to-Client (D2C) electronic negotiation and execution
of securities finance transactions and our firm has played a significant role in defining the sector,” added
Sal Giglio, COO of GLMX. “We have seen adoption of GLMX trading technology increase dramatically
over the past two years as many dealers and buy-side firms now view electronic trading as a
prerequisite to establishing a comprehensive trading relationship”.
Andy Wiblin, Chief Product Officer, said “Growth has been driven by existing and new client activity
globally across a diverse collateral set, with the balance split equally between flow coming from North
America and that from EMEA.”
“Money Markets are a massive and globally overlapping ecosystem. And while the move to
digitalization in those markets appears to have passed the tipping point, there is still enormous work to
be done. GLMX is thrilled to be part of that evolution,” concluded Havlicek.
Media inquiries, please contact:
GLMX+1 646 854-4569
sales@glmx.com
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/.