GLMX and LCH SA complete integration for sponsored repo clearing access in Europe

GLMX Technologies announced that it has completed integration with LCH SA to support both classic and sponsored clearing for the benefit of mutual clients.

GLMX, founded in 2010, provides dealer to buy-side securities finance trading with more than $1.7 trillion in daily balances. The firm has a network of 115 global clients, plus over 20 third party OMS/EMS and industry utility, such as triparty agent and central clearing counterparty (CCP 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 GLMX CEO, Glenn Havlicek, in a statement. “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.”

Olivier Nin, head of RepoClear & Calm Risk, said in a statement, “Through this integration, buyside 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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