GLMX Looks to Sec Lending and Swaps for Electronification
The platform provider is looking at opportunities in securities lending and swaps, as it pursues expansion in Europe.
Securities financing trading platform GLMX is looking to drive electronification in markets beyond repo, says Phil Buck, its managing director for Europe.
Buck says the company sees a potential “huge advantage” in developing offerings around securities lending, which shares some similarities with repo but is a fundamentally different product.
“From the start, the view of GLMX was that the area of financing, particularly secured financing, is one that is collectively not yet too far along the
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