GLMX, a technology provider for securities financing, money markets, and total return swaps, announced significant growth in its second quarter 2025 platform activity, achieving a record of over $4 trillion in balances.
During Q2 2025, GLMX reported an Average Daily Balance (ADB) of $3.76 trillion, marking a 58% increase year-on-year. The platform’s Average Daily Volume (ADV) reached $1.41 trillion, an increase of 78% year-on-year. A notable highlight for the quarter was GLMX supporting a record single-day balance exceeding $4 trillion.
The corporate bond repo segment also demonstrated strong growth, with average balances surpassing $90 billion. This expansion was driven by robust buy-side demand and facilitated by the growth of GLMX’s Securities Lending business, enabling dealers to efficiently manage client flow and source supply from the lending community on a single platform.
In line with its expanding client base, GLMX has appointed Scott Hallas to lead its integration and onboarding operations.
Glenn Havlicek, CEO of GLMX, commented on the company’s performance: “GLMX’s powerful and sustained growth trajectory propelled us to a major record of $4 trillion in balances on our platform near the end of the second quarter. This has given us a strong foundation to enter the second half of 2025. Our continuing investment in focused product development and best-in-class client experience again proved invaluable as we supported more clients doing more business across more products than ever before. The numbers speak for themselves as our team demonstrates the value of advanced workflow management capabilities across repo, securities lending, and adjacent short-end markets.”
Discussion around the upcoming UST repo clearing mandate has been a key area of focus across the industry. Andy Wiblin, COO of GLMX, stated, “GLMX plays a critical role in connecting the buy- and sell-side in the UST repo market. We’ve been engaged with our user community, the CCPs, the FCMs, and industry bodies to listen to how the market is addressing the implementation challenges. Our flexible technology supporting sophisticated workflow is well-positioned to address the needs of the market.”
GLMX is a technology company serving the capital markets, providing transformative solutions for equities and fixed income securities financing. With offices in North America, the United Kingdom, and Asia-Pacific, GLMX supports global buy-side and sell-side institutions by offering access to enhanced market liquidity and tools to maximize trade lifecycle efficiency and reporting. The company is diversifying its model into adjacent market sectors, including Total Return Swaps (TRS), Time Deposits, Certificates of Deposit (CDs), and Commercial Paper.
