GLMX Surges as Balances Eclipse $2 Trillion and Volumes Reach Record
NEW YORK, December 5, 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 $2.0 trillion
in daily system balances on November 30. Over 110 major financial market participants
utilize GLMX technology to negotiate and execute securities financing transactions
(SFTs). Additionally, record average daily volume of $634 billion in November puts
GLMX at or near the top of the heap for SFT execution platforms.
“2023 has been a year of multiple milestones at GLMX. Today’s announcement follows
less than 5 months after we reached $1.5 trillion in balances and puts 2023 on track to
be the fifth consecutive year in which we will have seen compound balance growth of
over 100%,” said Glenn Havlicek, CEO and Co-Founder of GLMX.
“GLMX has moved solidly from startup to a top provider in SFT execution, led by our
diverse client base of hedge funds, asset managers, sovereign wealth funds, pension
funds, insurance companies, money market funds, corporate treasurers, prime brokers
and securities lenders”, commented Sal Giglio, GLMX’s COO. “In addition, our powerful
base in the repurchase agreement (repo) space has given us significant momentum
and we see accelerating adoption of our technology in other market segments
including securities lending, time deposits and total-return-swaps.”
GLMX was named the Trading System of the Year at the Securities Finance Times
Industry Excellence Awards in July of 2023, highlighting the rapid growth and market
adoption GLMX has achieved. Also, in October, GLMX was voted the Top Global
Securities Finance Trading Platform in the Global Investor Group survey for the third
year in a row.
“This year of milestones is a testament to the trust our ever-growing client base places
in us to help get their business done. It would not have been possible without the skill,
hard work and dedication shown by the entire GLMX team. It is truly inspirational to be
able to work in an environment of constant innovation and incredible energy”,
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/.