GLMX and LCH SA Complete Integration to Provide Access to Sponsored Clearing for European Repo Transactions

NEW YORK, November 1, 2023 /PRNewswire/ — GLMX Technologies LLC (“GLMX”), a comprehensive global technology solution for trading money market instruments including repurchase agreements, securities lending and term deposits, announced that it has completed its integration with LCH SA to support both Classic instruments and sponsored clearing for the benefit of mutual customers.

Founded in 2010, GLMX is the world’s leading buy-side securities financing provider with more than $1.7 trillion in daily balances.

Founded in 2010, GLMX is the global leader in dealer-to-buy-side securities financing trading with more than 1.7 trillion dollars in daily balances. The company has an extensive network consisting of more than 115 global customers as well as over 20 external OMS/EMS and industry service providers such as triparty agent and central clearing counterparty connections.

“Central clearing reduces the cost of capital, mitigates credit risk and generates liquidity, which are essential features for securities financing participants. The importance of central clearing will continue to grow given the current global regulatory landscape,” said GLMX CEO, Glenn Havlicek. “Our connection to LCH SA’s powerful central clearing function is an important step as GLMX establishes itself as a hub of comprehensive liquidity pools for our rapidly growing European network on both the buy and sell sides.”

Olivier Nin, Head of RepoClear & Calm Risk, commented: “We are pleased to partner with GLMX Technologies as we want to support shared members and clients’ access to classic and sponsored clearing. This integration will allow buyside members to take advantage and gain greater access to the world’s largest euro liquidity pool, while banks can take advantage of improved netting opportunities and operational efficiencies and reduce balance sheet pressure.

About GLMX

Founded in 2010, GLMX is an independent financial technology company funded by Otter Capital and Tippet Venture Partners. Wall Street veterans have partnered with Silicon Valley technologists to develop proprietary GLMX technology, providing institutional participants an intuitive, comprehensive and integrated global money market trading solution. As a registered alternative trading system (ATS) and SEC-registered broker-dealer, GLMX’s mission is to be a technology leader, maximize trading lifecycle efficiency and reporting, and improve client access to market liquidity. For more information, please visit www.glmx.com and follow us on LinkedIn and Twitter.

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For media inquiries please contact:

GLMX
+1 646 854-4569
[email protected]

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SOURCE GLMX

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