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* News * Insights * People & Interviews * Fintech * Market News * Business Directory * More Information * About Us * Business Directory * Advertising * Contact Us * Cookies Policy * Disclaimer * Terms and Conditions Search for: * * * ✓ Thanks for sharing! AddToAny More… TODAY'S FEATURED ARTICLES A Game Changer for Crypto Borrowing Bourse de Casablanca Now Available on TradingView FLUUS Announces $FLUUS Token Listing on MEXC Exchange The Industry Spread > Industry News > GLMX’s Automated Repo Platform Approved By SEC And FINRA RICARDO ESTEVES Ricardo Esteves has seen business and economics through many lenses. He joined the Financial Services Industry in 2009, and has been a financial journalist since 2011. He holds a degree in Business Administration and has experience producing real-time news, from both buy-side and sell-side, as well as for retail traders, brokers and service providers. Esteves' work has appeared in a variety of online publications including FX Street and FinanceFeeds. Industry NewsJune 25, 2018 GLMX’S AUTOMATED REPO PLATFORM APPROVED BY SEC AND FINRA GLMX Technologies, an independent financial technology company founded in 2010, had its comprehensive technology solution for the trading of repurchase agreements (“repo”) and securities lending approved by the Securities Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) as a registered alternative trading system (ATS) and broker-dealer. Financed by Sutter Hill Ventures, Otter Capital and Tippet Venture Partners, GLMX’s proprietary technology was developed by Wall Street veterans who partnered with Silicon Valley technologists. GLMX has recently surpassed $3 trillion in aggregate system volume since its repo trading technology was launched in 2016. The integrated global money market trading solution for institutional participants is now an SEC-registered broker-dealer and ATS and member of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC). This crucial step allows the company to provide more streamlined interaction and reporting between existing counterparties on both the buy and sell sides in order to maximize their trade lifecycle efficiency and reporting and to improve client access to market liquidity. Weekly trading volume for GLMX has recently surpassed $100 billion, an all-time high that represents an increase of over 900% year over year. Glenn Havlicek, Co-Founder and Chief Executive Officer of GLMX, commented: Glenn Havlicek, Co-Founder and Chief Executive Officer of GLMX “The relentless push for efficiency and the demands of global regulatory reporting have reached a tipping point in the securities financing markets. As such, an electronic trading solution for these markets seems inevitable. Becoming a registered ATS and broker-dealer is the next major step in our company’s evolution and in helping to drive forward this structural shift in the market.” GLMX completed a $20 million capital raise in January 2018, by the same time it relaunched its ground-up redesigned technology characterized by a customizable platform that intuitively and electronically replicates the manual workflows that are widely used in repo trading. The updated technology automates the collection of pre- and post-trade data required under new rules, which otherwise must be keyed in manually. The high-tech platform for trading repurchase agreements and secured lending was designed to help clients comply with new regulatory reporting requirements and to address fragmentation and inefficiency in the front end of the markets. TAGS: financial technologyFINRAGLMXmarket liquidityreporepurchase agreementsSECSEC-registered brokersecurities lendingSIPCtradingtrading solution FacebookTwitterEmailShare RELATED POSTS * * A Game Changer for Crypto… Bourse de Casablanca Now Available… FLUUS Announces $FLUUS Token Listing… Herencia Artifex, an NFT project… Tradeweb closes deal to buy… Investortools adds ICE’s pre-trade prices… FINRA and CFA Institute study… Gate.HK launched as crypto plaftorm… Bulls Staring at 2023 to… Who Loves Crypto the Most? prev next Please enable JavaScript to view the comments powered by Disqus. NEWSLETTER Register now to receive the latest news and information for global trading industry. Sign me up for the newsletter! FEATURED NEWS View All SIEMENS USES BLOCKCHAIN SETUP BY JPMORGAN FOR PAYMENTS By: Karthik Subramanian On: 21.12.2021 POLKADOT LAUNCHES PARACHAINS AS IT LOOKS TO BRING IN INTEROPERABILITY By: Karthik Subramanian On: 21.12.2021 CIRCLE TO EXPAND YIELD INVESTMENT PROGRAM AS DEMAND SURGES By: Karthik Subramanian On: 17.12.2021 QUICK LINKS * Business Directory * Advertise With Us * About Us * Contact Us QUICK LINKS * Home * News * Insights * People & Interviews * Market News * Business Directory MORE INFORMATION * About Us * Advertising * Contact Us * Cookies Policy * Disclaimer * Terms and Conditions CONNECT WITH US * * * AWARD Copyright © 2021 – The Industry Spread. All rights reserved. The information contained on this website is of a general nature only. The information does not constitute advice or a recommendation on any course of action and does not take into account your personal circumstances, financial situation or individual needs. We strongly recommend you to seek independent professional advice or to conduct your own independent research before acting upon any information contained on this website. Go Up We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.Ok Notifications