CalPERS completes first trade on GLMX electronic trading platform
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CalPERS completes first trade on GLMX electronic trading platform 11 January 2023US Reporter: Carmella Haswell
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Global technology solution firm GLMX Technologies has welcomed CalPERS as the first US public pension fund to use its technology.
The California Public Employees’ Retirement System (CalPERS) has printed its first trade with a large global bank on the GLMX money market electronic trading platform.
GLMX says the pension fund has “a long history of embracing innovative technology” and the benefits which GLMX technology provides, including greater access to liquidity and reduced transaction costs.
Glenn Havlicek, CEO and co-founder of GLMX, says: “It is significant when a market leader like CalPERS chooses GLMX for their securities finance needs.
“This continues the trend of the largest global financial institutions adopting GLMX technology to access deeper liquidity pools and to digitalise their daily trading workflow.”
COO of GLMX Sal Giglio adds: “With several other leading pension funds, money market funds and corporate treasurers in our pipeline, we see the addition of CalPERS as an important first step in the next phase of growth in electronic trading across the securities financing market.”
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