GLMX Technologies LLC (“GLMX”), a comprehensive technology solution for the trading of repurchase agreements and securities lending, has been approved to operate in Alberta, British Columbia, Ontario, Quebec, and Nova Scotia under an exemption from marketplace rules granted by regulators in those jurisdictions. The exemption, which is based on GLMX’s existing regulatory structure as an alternative trading system (ATS) in the U.S. and various other terms and conditions, enables users of GLMX technology with addresses in those jurisdictions to negotiate securities financing transactions (SFTs).
“GLMX has experienced exceptional interest from our clients in Canada. We are pleased to be able to provide GLMX technology which will enhance efficiency and transparency in the critical Canadian securities finance market.” said Glenn Havlicek, CEO and Co-Founder at GLMX. “We’re delighted that our exemption application has been granted, which allows GLMX to expand its global footprint while demonstrating its commitment to regulatory compliance in all geographies in which the Company provides its services.”
Earlier this year, GLMX was admitted as a new member of ICMA (International Capital Market Association), joining a list of industry experts to provide strategic insights into the global capital markets landscape through innovative projects and discussion groups.
GLMX was approved in 2018 as a registered ATS with the Securities and Exchange Commission (SEC) and is an SEC-registered broker-dealer, as well as a member of the Financial Industry Regulatory Authority (FINRA) and Securities Investor Protection Corporation.