GLMX reports record volume and balance growth in Q2
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GLMX reports record volume and balance growth in Q2 16 July 2024US Reporter: Daniel Tison
Image: Natalia_Lasko/stock.adobe.com
GLMX has released its platform activity highlights for the second quarter of the year.
The average daily volume (ADV) of securities finance transactions traded on the GLMX platform increased 74 per cent year-on-year (YoY) to US$793 billion for Q2 2024.
For the average daily balance (ADB) of new and existing trades on the platform, GLMX reports an 82 per cent YoY rise, which generated US$2.38 trillion in the same quarter.
According to the global provider of technology solutions for repo, securities lending and money markets, record volume and balance growth were driven by new clients adopting the platform, existing clients increasing their business, and new functionality to support nuanced client workflows.
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Image: Natalia_Lasko/stock.adobe.com 