GLMX reports 99% YoY jump in Q3 ADV
15 October 2024 US
Image: sornram/stock.adobe.com
GLMX has reported 鈥渟ignificant developments鈥� in the company鈥檚 overall growth in the third quarter of 2024.
The average daily volume (ADV) of securities finance transactions traded on the platform jumped up 99 per cent year-on-year (YoY) to US$1.01 trillion for Q3 2024.
For the average daily balance (ADB) of new and existing trades on the platform, GLMX reports a 74 per cent YoY rise, generating US$2.75 trillion in the same quarter.
Balances on the GLMX platform reached US$3 trillion in Q3, which is a 鈥渟ignificant milestone鈥� for the firm.
Glenn Havlicek, CEO of GLMX, says: 鈥淰ery excitingly, we have begun to see our growth expand beyond our traditional repo business and into adjacent securities finance and money market segments.鈥�
The average daily volume (ADV) of securities finance transactions traded on the platform jumped up 99 per cent year-on-year (YoY) to US$1.01 trillion for Q3 2024.
For the average daily balance (ADB) of new and existing trades on the platform, GLMX reports a 74 per cent YoY rise, generating US$2.75 trillion in the same quarter.
Balances on the GLMX platform reached US$3 trillion in Q3, which is a 鈥渟ignificant milestone鈥� for the firm.
Glenn Havlicek, CEO of GLMX, says: 鈥淰ery excitingly, we have begun to see our growth expand beyond our traditional repo business and into adjacent securities finance and money market segments.鈥�
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