California Public Employees’ Retirement System (CalPERS) joins GLMX Money Market electronic trading platform to improve access to liquidity and increase operational efficiencies

NEW YORK, January 11, 2023 /PRNewswire/ — GLMX Technologies LLC (“GLMX”), a comprehensive global technology solution for trading money market instruments, including repurchase agreements and securities lending transactions, announced that the California Public Employees’ Retirement System (CalPERS) is the first public pension in the United States is funding to use its technology. CalPERS, one of the world’s largest pension funds, yesterday printed its first trade with a major global bank on the GLMX platform.

“It matters when a market leader like CalPERS chooses GLMX for its securities financing needs,” he said Glen Havlicek, CEO and co-founder of GLMX. “This continues the trend of the largest global financial institutions adopting GLMX technology to access deeper pools of liquidity and digitize their day-to-day trading operations.”

CalPERS has a long history of utilizing innovative technology and the benefits – better access to liquidity and reduced transaction costs – that GLMX technology offers.

“With several other leading pension funds, money market funds and corporate treasurers in our pipeline, we view the addition of CalPERS as an important first step in the next phase of electronic trading growth across the securities finance market,” we concluded Sal GiglioCOO of GLMX.

About GLMX

Founded in 2010, GLMX is an independent financial technology company backed by Otter Capital and Tippet Venture Partners. Wall Street veterans have partnered with Silicon Valley technologists to develop proprietary GLMX technology, which offers institutional participants an intuitive, comprehensive and integrated solution for global money market trading. As a Registered Alternative Trading System (ATS) and SEC-registered broker-dealer, GLMX’s goal is to be at the forefront of technology, to maximize trade lifecycle efficiency and reporting, and to improve clients’ access to market liquidity. For more information, please visit www.glmx.com and follow us on LinkedIn and Twitter.

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GLMX
+1 646 854-4569
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