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The average daily volume of securities finance transactions traded on the GLMX platform increased 83 per cent year-on-year (YoY) to US$703 billion for Q1 2024, the firm says.
Within its platform activity highlights, GLMX reports a 99 per cent YoY rise in the average daily balance (ADB) of new and existing trades on the platform. This generated US$2.16 trillion.
GLMX is “ramping up” activity on its securities lending product, as the firm reports an increase in client interest and activity in this area.
The firm also pinpoints its “diversified platform activity”, as it reveals 44 per cent of repo ADB activity derives from EMEA and APAC.
Commenting on this news, the provider of global money market trading technology says: “GLMX remains focused on driving continued growth and innovation across front-end trading.
“The company is committed to delivering value to its clients through its technology, and will continue to prioritise client success and satisfaction, while also investing in its people, technology and processes to maintain its position in the securities finance market.”
