A press release entitled, "Record $1 Trillion Daily Balance Reached on GLMX as Adoption of Electronic Trading for Securities Finance Accelerates," states, "GLMX Technologies LLC ('GLMX'), a comprehensive global technology solution for trading Money Market instruments, including repurchase agreements and securities lending transactions, yesterday eclipsed $1 Trillion in daily balances for the first time. These balances represent the trading activity of some of the largest global financial institutions which utilize GLMX technology to negotiate and execute securities financing transactions (SFTs). Since inception, GLMX has seen $120 Trillion in volume executed via its technology." Glenn Havlicek, CEO and Co-Founder of GLMX, tells us, "The $1 trillion mark is a major milestone for GLMX, and reflects the powerful and ongoing technology shift in the overall securities finance industry. Achieving this number, seemingly unreachable a few years ago, is testament to the hard work done by the talented team at GLMX and the commitment of our network of leading market participants who use our technology every day." COO sal Giglio comments, "GLMX has established itself as the leader in Dealer-to-Client (D2C) electronic negotiation and execution of securities finance transactions and our firm has played a significant role in defining the sector. We have seen adoption of GLMX trading technology increase dramatically over the past two years as many dealers and buy-side firms now view electronic trading as a prerequisite to establishing a comprehensive trading relationship." Chief Product Officer Andy Wiblin adds, "Growth has been driven by existing and new client activity globally across a diverse collateral set, with the balance split equally between flow coming from North America and that from EMEA." Havlicek also says, "Money Markets are a massive and globally overlapping ecosystem. And while the move to digitalization in those markets appears to have passed the tipping point, there is still enormous work to be done. GLMX is thrilled to be part of that evolution."