GLMX Receives Regulatory Green Light from Monetary Authority of Singapore

​GLMX Technologies LLC (GLMX), a technology provider for global money market trading, has been designated by the Monetary Authority of Singapore (MAS) as a Recognized Market Operator (RMO) effective May 28, 2024.

With the recognition, GLMX will be allowed to offer its platform to financial institutions based in Singapore, thereby strengthening its global footprint.

Glenn Havlicek, CEO and Co-Founder at GLMX, commented: “Becoming an RMO in Singapore is a significant step for GLMX as this reinforces the Firm’s commitment to markets throughout Asia.”

He added: "Clients are increasingly demanding a single point of access to the global money market and interest from institutions based in Asia to connect to the GLMX platform has intensified over the past 12-18 months. We continue to expand our offering to meet the growing demand for access to deep institutional liquidity combined with operational efficiency. We look forward to strengthening our institutional client relationships across Asia."

Late this March, GLMX announced a new integration with BNY Mellon to allow buy-side clients to direct repo trades at point of execution to BNY Mellon's Triparty platform, helping them to capture more benefits from being on the world's largest collateral platform.