GLMX Technologies has been designated as a recognised market operator (RMO) by the Monetary Authority of Singapore (MAS).
This recognition allows GLMX to provide its platform to financial institutions based in Singapore, and to expand on its global footprint, the firm says.
Commenting on the news, Glenn Havlicek, CEO and co-founder of GLMX, says: “Becoming an RMO in Singapore is a significant step for GLMX as this reinforces the firm’s commitment
to markets throughout Asia.
“Clients are increasingly demanding a single point of access to the global money market and interest from institutions based in Asia to connect to the GLMX platform has intensified over the past 12-18 months.
“We continue to expand our offering to meet the growing demand for access to deep institutional liquidity combined with operational efficiency. We look forward to strengthening our institutional client relationships across Asia.”
