GLMX and LCH SA Complete Integration to Provide Access to Sponsored Clearing for European Repo
NEW YORK, November 1, 2023 - GLMX Technologies LLC ("GLMX"), a comprehensive global technology
solution for trading Money Market instruments, including repurchase agreements, securities lending
transactions, and time deposits, announced that it has completed integration with LCH SA to support
both Classic and Sponsored Clearing for the benefit of mutual clients.
GLMX, founded in 2010, is the global leader for dealer to buy-side securities finance trading with more
than $1.7 trillion in daily balances. The firm boasts an extensive network, consisting of more than 115
global clients, plus over 20 third party OMS/EMS and industry utility, such as Triparty agent and Central
Clearing Counterparty connections.
“Central clearing reduces capital costs, mitigates credit risk and generates liquidity, which are essential
characteristics for securities finance participants. The importance of central clearing will continue to
grow in light of the current global regulatory landscape,” said GLMX CEO, Glenn Havlicek. “Our
connection to LCH SA’s powerful central clearing capability is an important step as GLMX establishes
itself as the nexus of deep liquidity pools for our rapidly growing European buy- and sell-side network.”
Olivier Nin, Head of RepoClear & Calm Risk, commented, “We are pleased to establish a partnership
with GLMX Technologies as we look to support mutual members’ and clients’ access to both classic and
sponsored clearing. Through this integration, buyside members can enjoy the benefits and gain greater
access to the world’s largest Euro liquidity pool whilst banks can leverage enhanced netting
opportunities, operational efficiencies, and alleviate balance sheet pressures”.
Media inquiries, please contact:
GLMX+1 646 854-4569
sales@glmx.com
About GLMX
GLMX is a leading global provider of intuitive trading solutions for repo, securities lending, and money markets. With offices in North America, EMEA and Asia-Pacific, global institutions across the sell-and buy-side rely on GLMX for enhanced market liquidity and to maximize trade lifecycle efficiency and reporting.Our global technology solution has driven $1 trillion in platform trading volumes in a single day, making GLMX the dominant player in this market segment. This powerful market position continues to expand as we diversify, taking our proven model into other market segments such as Total Return Swaps (TRS), and Time Deposits, CDs, and Commercial Paper. For more information about GLMX, please visit https://www.glmx.com/.