GLMX Tops $1 Trillion in Single Day Volume
24 July 2024 - 7:00PM
GLMX, a leading global provider of intuitive technology solutions
for repurchase agreements (repo), securities lending and money
markets, reported that earlier this month it reached a record high
in daily volume, exceeding $1 trillion* for the first time. Over
140 major global financial market participants utilize GLMX
technology to negotiate and execute securities financing
transactions (SFTs).
Glenn Havlicek, GLMX CEO and co-founder, said of the
accomplishment, “$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 digitalization of the space”.
GLMX recently received industry recognition for its innovative
technology and client engagement. It 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 Awards
celebration earlier this month.
“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,” Havlicek concluded.
About GLMXGLMX is a leading global provider of intuitive trading
solutions for repo, securities lending, and money markets. With
offices in North America, EMEA and Asia-Pacific, global
institutions across the sell-and buy-side rely on GLMX for enhanced
market liquidity and to maximize trade lifecycle efficiency and
reporting.
Our global technology solution has driven $1 trillion in
platform trading volumes in a single day, making GLMX the dominant
player in this market segment. This powerful market position
continues to expand as we diversify, taking our proven model into
other market segments such as Total Return Swaps (TRS), and Time
Deposits, CDs, and Commercial Paper. For more information about
GLMX, please visit www.glmx.com.
*Single Counted
Media inquiries, please contact:GLMX646
854-4569sales@glmx.com