GLMX eclipses US$2.0 trillion in daily system balances
05 December 2023 US
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: 鈥淭oday鈥檚 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.鈥�
Sal Giglio, chief operating officer at GLMX, adds: 鈥淕LMX has moved from startup to a top provider in securities financing transaction execution.
鈥淥ur 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.鈥�
The announcement follows GLMX鈥檚 success at the 网爆吃瓜 Finance Times Industry Excellence Awards in July 2023, where it was awarded Trading System of the Year.
Andy Wiblin, chief product officer at GLMX, credits the year of milestones to 鈥渢he trust our ever-growing client base places in us to help get their business done鈥�.
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: 鈥淭oday鈥檚 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.鈥�
Sal Giglio, chief operating officer at GLMX, adds: 鈥淕LMX has moved from startup to a top provider in securities financing transaction execution.
鈥淥ur 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.鈥�
The announcement follows GLMX鈥檚 success at the 网爆吃瓜 Finance Times Industry Excellence Awards in July 2023, where it was awarded Trading System of the Year.
Andy Wiblin, chief product officer at GLMX, credits the year of milestones to 鈥渢he trust our ever-growing client base places in us to help get their business done鈥�.
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