GLMX

GLMX's Founding and Financial Backing

GLMX was founded in 2010 and has since carved out a significant niche in the securities financing market. The company is financially backed by Otter Capital and Tippet Venture Partners, both of which have a history of investing in innovative financial technology firms. This strong financial backing has enabled GLMX to invest heavily in developing its platform and expanding its market reach, ensuring it remains at the forefront of electronic securities financing.

GLMX's Trading Platform

GLMX provides an electronic securities financing trading platform that is designed by traders for traders. The platform offers a liquidity-rich ecosystem, facilitating efficient trading and informed decision-making through dynamic data analysis. By enabling the complete digitization of traditional workflows, GLMX helps institutional clients streamline their operations and enhance productivity. The platform's intuitive technology rapidly builds and customizes solutions tailored to the specific needs of securities financing clients.

GLMX's Regulatory Compliance

GLMX is registered as an SEC broker-dealer and is a member of both the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC). This compliance ensures that GLMX operates within the stringent regulatory frameworks governing the securities industry, providing clients with a secure and reliable trading environment. This adherence to regulatory standards underscores GLMX's commitment to maintaining high levels of trust and integrity in its operations.

GLMX's Market Performance

GLMX has demonstrated impressive market performance, reporting a record $1.5 trillion daily balance on its platform as of July 2023. This milestone followed an earlier record of $1 trillion daily balance in December 2022. In the first quarter of 2024, GLMX reported an average daily volume (ADV) of $703 billion, up 83% year-on-year, and an average daily balance (ADB) of $2.16 trillion, up 99% year-on-year. Notably, EMEA and APAC activity represents 44% of GLMX's repo ADB, highlighting the company's significant global reach.

GLMX's Industry Recognition and Collaborations

GLMX has received multiple accolades, including being named the Top Global Securities Finance Trading Platform for three consecutive years from 2021 to 2023 and winning the Trading System of the Year in 2023. The company has also been recognized at the 2019 Fund Technology + WSL Awards and has established significant collaborations, such as with BNY Mellon to connect buy-side clients at the point of execution to Triparty, and with LCH SA to provide access to sponsored clearing for European repo. These partnerships and recognitions underscore GLMX's leading position in the industry.