A press release titled, "BNY Mellon and GLMX collaborate to connect buy-side clients at point of execution to Triparty" tells us, "BNY Mellon (BK) and GLMX announced today a new integration allowing buy-side clients to direct repo trades at point of execution to BNY Mellon's Triparty platform. This integration follows growing demand from clients seeking to expand their BNY Mellon Triparty usage beyond Uncleared Margin segregation into repo financing, helping them to capture more benefits from being on the world's largest collateral platform." Ted Leveroni, Head of Margin Services for BNY Mellon, comments, "This integration with GLMX re-enforces our commitment to enhance the user experience for our growing buy-side client base on Triparty.... In our 240th year of business, we are proud to utilize our expertise to form relationships that provide innovative solutions and capabilities for our clients." GLMX CEO Glenn Havlicek says, "Building interoperability with BNY Mellon creates a seamless workflow from negotiation and execution to settlement for our global clients. This step is consistent with GLMX's objective of providing a single access point which connects the global money market to deep liquidity pools, regardless of trade structure, settlement type or trading instrument." The release adds, "This integration connects BNY Mellon, the world's largest collateral manager with a $5.25 trillion Triparty liquidity pool, into GLMX's $2 trillion network. It also addresses the increasing market demand for buy-side clients looking for a single ecosystem to manage both their collateral and liquidity requirements."

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