GLMX eclipses US$2.0 trillion in daily system balances
Latest news
GLMX eclipses US$2.0 trillion in daily system balances 05 December 2023US Reporter: Sophie Downes
Image: Livinskiy
GLMX Technologies has announced surges in records, eclipsing US$2.0 trillion in daily system balances.
GLMX also recorded an average daily volume of US$634 billion in November.
The global platform provides technology solutions for trading money market instruments, with more than 110 financial market participants using GLMX technology to execute securities financing transactions.
Glenn Havlicek, CEO and co-founder of GLMX, says: “Today’s announcement follows
less than five months after we reached US$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 more than 100 per cent.”
Sal Giglio, chief operating officer at GLMX, adds: “GLMX has moved from startup to a top provider in securities financing transaction execution.
“Our base in the 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.”
Andy Wiblin, chief product officer at GLMX, credits the year of milestones to “the trust our ever-growing client base places in us to help get their business done”.
NO FEE, NO RISK 100% ON RETURNSIf you invest in only one securities finance news source this
year, make sure it is your free subscription to Securities Finance Times
Image: Livinskiy 