GLMX Technologies, a technology solution for trading money market instruments including repo and securities lending, has announced the appointment of Gareth O'Loughlin and Joseph Russo.
Based in New York, O’Loughlin joins the firm as vice president of engineering, while Russo takes on the role of director of money market sales.
Both hires will support GLMX in its next phase of growth and play a key role in the firm’s development of a fully integrated digital ecosystem for trading front-end products.
Prior to his new position, O’Loughlin was chief technology officer for Gagosian, a commercial art gallery, between 2018 and 2022. Previously, he was also vice president of technology for Casper.
O’Loughlin will focus on scaling GLMX’s engineering team to accelerate innovation and product development.
Russo brings extensive experience in money markets to the role, having previously held various senior management roles at exchanges and global Tier 1 banks, including CME, BNY Mellon Capital Markets and BBVA.
Most recently, Russo was senior managing director and head of the Americas, Nex Treasury at EBS BrokerTec.
He will be responsible for cultivating client relationships and will provide strategic direction when building new products at GLMX.
Commenting on the hires, Glenn Havlicek, CEO and co-founder of GLMX, says: “Gareth brings a wealth of experience in managing software development and delivering technology to clients. Hiring these talented individuals is a significant step towards fulfilling our clients’ demand for a global, integrated, cross-product money markets trading solution.”
Sal Giglio, COO of GLMX, adds: “Joe’s deep knowledge of issuing, trading and investing in money market instruments, combined with his unwavering advocacy of digitising trading workflows for these products, make him well-positioned to consult with clients, distil their requests and to help GLMX develop innovative technology.”
Image: GLMX 