GLMX reports 99% YoY jump in Q3 ADV 15 October 2024US Reporter: Daniel Tison
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GLMX has reported “significant developments” in the company’s overall growth in the third quarter of 2024.
The average daily volume (ADV) of securities finance transactions traded on the platform jumped up 99 per cent year-on-year (YoY) to US$1.01 trillion for Q3 2024.
For the average daily balance (ADB) of new and existing trades on the platform, GLMX reports a 74 per cent YoY rise, generating US$2.75 trillion in the same quarter.
Balances on the GLMX platform reached US$3 trillion in Q3, which is a “significant milestone” for the firm.
Glenn Havlicek, CEO of GLMX, says: “Very excitingly, we have begun to see our growth expand beyond our traditional repo business and into adjacent securities finance and money market segments.”
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