GLMX’s technology platform allows participants to negotiate and execute securities financing transactions and is used by more than 140 buy- and sell-side institutions globally.  

The firm’s new initiative with FlexTrade’s FlexONE OEMS and FlexTRADER EMS will offer mutual clients a solution for managing the entire trade lifecycle, from order execution to post-trade compliance and reporting.  

In addition, mutual clients are expected to gain increased control and efficiency through customisable and shared pre- and post-trade workflows. 

“Client demand for cross-market efficiency is a primary driver for GLMX to deliver new technologies and connectivity,” said Andy Wiblin, chief operating officer at GLMX.   

“By partnering with FlexTrade, we aim to support our clients’ trading, risk management, and operational resilience efforts globally.”  

Read more: FlexTrade and LoopFX integration set to optimise FX trading capabilities 

The newly created workflows will enable trading teams to automate complex order routing and allocation strategies, minimise manual errors, and achieve regulatory compliance.  

The API integration is available for deployment immediately by mutual FlexTrade and GLMX clients. 

“We’re delighted to make our new integration to the GLMX platform available for FlexTrade’s global asset management and hedge fund community,” said Satish Ramanath, SVP, buy-side, APAC at FlexTrade Systems.   

“Working together with GLMX, we’ve provided our clients with a seamless and efficient means of accessing differentiated liquidity within their existing workflows.” 

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Founded in 2010, GLMX facilitates dealer to buy-side securities finance trading with over $1.7 trillion in daily balances.

The firm has a network consisting of over 115 global clients as well as more than 20 third part OMS/EMS and industry utility, including Triparty agent and central clearing counterparty connections.

“Central clearing reduces capital costs, mitigates credit risk and generates liquidity, which are essential characteristics for securities finance participants. The importance of central clearing will continue to grow in light of the current global regulatory landscape,” said Glenn Havlicek, chief executive of GLMX.

“Our connection to LCH SA’s powerful central clearing capability is an important step as GLMX establishes itself as the nexus of deep liquidity pools for our rapidly growing European buy- and sell-side network.”

Earlier this year, Euronext entered into a definitive agreement to sell its 11% stake in LCH SA back to LCH Group for €111 million. The move contributed towards Euronext’s ongoing migration of its clearing business back into the Bloc and onto its own clearing house, Euronext Clearing.

Elsewhere, LCH SA entered into a strategic partnership with Institutional-grade digital assets trading venue GFO-X to launch the UK’s first centrally cleared trading venue for derivatives in this space.

“We are pleased to establish a partnership with GLMX Technologies as we look to support mutual members’ and clients’ access to both classic and sponsored clearing,” said Olivier Nin, head of RepoClear and Calm Risk.

“Through this integration, buy-side members can enjoy the benefits and gain greater access to the world’s largest Euro liquidity pool whilst banks can leverage enhanced netting opportunities, operational efficiencies, and alleviate balance sheet pressures.”

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