GLMX Technologies LLC, a technology provider for global money market trading, including repurchase agreements, securities lending and time deposits, has been designated by the Monetary Authority of Singapore (MAS) as a Recognized Market Operator (RMO) effective May 28, 2024.
This recognition from the MAS allows GLMX to provide its platform to financial institutions based in Singapore, an important global trading hub. The approval also enables GLMX to expand its global footprint while demonstrating its commitment to regulatory compliance.
“Becoming an RMO in Singapore is a significant step for GLMX as this reinforces the Firm’s commitment to markets throughout Asia,” said GLMX CEO and co-founder Glenn Havlicek.
“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,” concluded Havlicek.
