GLMX
GLMX, founded in 2010 and financed by Otter Capital and Tippet Venture Partners, provides an electronic securities financing trading platform designed for traders, offering a liquidity-rich ecosystem for institutional markets.
History
GLMX was founded in 2010. Financed by Otter Capital and Tippet Venture Partners, the company has grown to establish a prominent position in the electronic securities financing market. Over the years, GLMX has introduced innovative solutions tailored for traders, transforming traditional workflows into fully digitized processes. The company has also registered significant milestones, including reaching a record $1.5 trillion daily balance on its platform in July 2023, and $1 trillion in December 2022.
Services
GLMX offers an electronic securities financing trading platform designed by traders for traders. The platform provides a liquidity-rich ecosystem for the institutional securities financing market, enabling efficient trading and dynamic data analysis. GLMX's technology supports complete digitization of traditional workflows, facilitating better-informed decision-making for its users. The company also rapidly builds and delivers customized solutions to meet the unique needs of its securities financing clients.
Products
GLMX's primary product is its electronic trading platform for securities financing. The platform integrates intuitive technology to digitize and streamline traditional trading workflows. Key features include dynamic data analysis, efficient trading capabilities, and customized solution offerings. The platform also connects buy-side clients to Triparty through BNY Mellon collaborations and provides access to sponsored clearing for European repo via integration with LCH SA.
Industry Recognition
GLMX has received several industry accolades, including the Top Global Securities Finance Trading Platform for three consecutive years (2021-2023). In 2023, the company won the Trading System of the Year award. It was also recognized as the Top Securities Finance Trading Platform for the US and EMEA in 2021 and for the Americas in 2020. Additionally, GLMX was honored at the 2019 Fund Technology + WSL Awards.
Global Presence
GLMX operates offices in New York, Palo Alto, and London. The company's platform activity extends across various geographic regions, with EMEA and APAC representing 44% of its repo average daily balance (ADB). GLMX also actively participates in global industry events, such as the Beneficial Owners' International Securities Finance & Collateral Management Conference and the Global Funding and Financing (GFF) Summit.