GLMX tops US$1 trillion in single day volume 24 July 2024US Reporter: Daniel Tison
Image: MD_Media/stock.adobe.com
GLMX, a global provider of technology solutions for repo, securities lending and money markets, has reached a record high in daily volume, exceeding US$1 trillion for the first time.
More than 140 major global financial market participants utilise GLMX technology to negotiate and execute securities financing transactions (SFTs).
Commenting on the accomplishment, GLMX CEO and co-founder Glenn Havlicek says: “US$1 trillion in volume traded on GLMX in a single day is a milestone you’d be hard-pressed to replicate in any marketplace, anywhere in the world.
“It speaks both to the criticality of the global securities finance market and to GLMX’s contribution to the digitalisation of the space”.
GLMX was named the Trading System of the Year, for the second consecutive year, and the Client Services Team of the Year at the Securities Finance Times Industry Excellence Awards earlier this month.
Havlicek adds: “July has been an exciting month for GLMX and has established a powerful trajectory for the second half of the year as we continue to execute in repo, securities lending, money markets and total return swaps.”
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: MD_Media/stock.adobe.com 