Record $1.5 Trillion Daily Balance Reached on GLMX as Adoption of Electronic Trading for Securities Finance Accelerates
NEW YORK, July 18, 2023 — GLMX Technologies LLC (“GLMX”), a comprehensive global
technology solution for trading Money Market instruments, including repurchase
agreements and securities lending transactions, for the first time eclipsed $1.5 trillion
in daily balances yesterday. 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 $186
trillion in volume executed via its technology.
“Exceeding $1.5 trillion in balances reflects the over 120% year-over-year growth we
saw at June 30 of this year. Further, it speaks to the amazing effort of GLMX employees
and the speed at which the money market industry is welcoming innovative
technology,” said Glenn Havlicek, CEO and Co-Founder of GLMX. “The success GLMX
has achieved in the securities finance market is replicable across the greater money
market ecosystem which is where we have been expanding our focus and will continue
to do so moving forward.”
“Our diverse client-base, across 110 individual firms, includes 40 sell-side institutions
and a solid mix of hedge funds, asset managers, sovereign wealth funds, pension
funds, insurance companies, money market funds, corporate treasurers, prime brokers
and securities lenders. This influential and growing network’s use of GLMX technology
has established the platform as the leader in Dealer-to-Client (D2C) electronic trading
of securities finance transactions,” added Sal Giglio, COO of GLMX.
GLMX was named the Trading System of the Year at the Securities Finance Times
Industry Excellence Awards this month highlighting the rapid growth and market
adoption GLMX has achieved. Also, within the last year, GLMX was voted the Top
Global Securities Finance Trading Platform in the Global Investor Group survey for the
second year in a row.
“This rapid growth, in large part, has been driven by the exceptional technology and
premium user experience provided by GLMX. We are excited to apply this same
playbook as we expand the product set to achieve our vision of creating a single
application to unify access to historically fragmented liquidity pools,” concluded Andy
Wiblin, Chief Product Officer.
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/.