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GLMX Receives Regulatory Approval From Monetary Authority of Singapore

GLMX Receives Regulatory Approval from Monetary Authority of Singapore


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

This recognition allows GLMX to offer its platform to financial institutions in Singapore, thereby enhancing its global presence.

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

He further noted, “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.”

In late March, GLMX announced a new integration with BNY Mellon, enabling buy-side clients to direct repo trades at the point of execution to BNY Mellon’s Triparty platform, thus helping them to capture more benefits from being on the world’s largest collateral platform. – Real-time Forex News and the latest trading updates.

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