厙惇勛圖

Home   News   Features   Interviews   Magazine Archive   Symposium   Industry Awards  
Subscribe
厙惇勛圖
Leading the Way

Global 厙惇勛圖 Finance News and Commentary
≔ Menu
厙惇勛圖
Leading the Way

Global 厙惇勛圖 Finance News and Commentary
News by section
Subscribe
⨂ Close
  1. Home
  2. Industry news
  3. GLMX reaches US$1.5 trillion milestone in daily balances
Industry news

GLMX reaches US$1.5 trillion milestone in daily balances


18 July 2023 US
Reporter: Carmella Haswell

Generic business image for news article
Image: VectorMine/stock.adobe.com
GLMX Technologies has recorded a new milestone as the platform reaches US$1.5 trillion in daily balances.

According to the global technology solutions firm, these balances represent the trading activity of global financial institutions that utilise GLMX technology to negotiate and execute securities financing transactions (SFTs).

Since its inception, the platform has recorded US$186 trillion in volume executed via its technology, the firm says. Its client-base, across 110 individual firms, includes 40 sell-side institutions and a mix of hedge funds, asset managers, sovereign wealth funds, pension funds, insurance companies, money market funds, corporate treasurers, prime brokers and securities lenders.

The firm was recently named Trading System of the Year at this years 厙惇勛圖 Finance Times Industry Excellence Awards.

Commenting on the achievement, CEO and co-founder of GLMX Glenn Havlicek says: Exceeding US$1.5 trillion in balances reflects the more than 120 per cent year-over-year growth we saw on 30 June of this year.

Further, it speaks to the amazing effort of GLMX employees and the speed at which the money market industry is welcoming innovative technology. The success GLMX has achieved in the securities finance market is replicable across the greater money market ecosystem, which is where we have been expanding our focus and will continue to do so moving forward.

Andy Wiblin, chief product officer at GLMX, adds: This rapid growth, in large part, has been driven by the technology and user experience provided by GLMX. We are excited to apply this same playbook as we expand the product set to achieve our vision of creating a single application to unify access to historically fragmented liquidity pools.
← Previous industry article

CME Group and FICC extend cross-margining
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to 厙惇勛圖 Finance Times
Advertisement
Subscribe today
Knowledge base

Companies in this article
→ GLMX

Explore our extensive directory to find all the essential contacts you need

Visit our directory →
Glossary terms in this article
→ Hedge
→ Liquidity

Discover definitions, explanations and related news articles in our glossary

Visit our glossary →