GLMX Technologies and FlexTrade Systems have unveiled a collaboration which will see their mutual clients better manage their repo workflow and execution between their respective platforms.
GLMX’s technology platform allows participants to negotiate and execute securities financing transactions and is used by more than 140 buy- and sell-side institutions globally.
The firm’s new initiative with FlexTrade’s FlexONE OEMS and FlexTRADER EMS will offer mutual clients a solution for managing the entire trade lifecycle, from order execution to post-trade compliance and reporting.
In addition, mutual clients are expected to gain increased control and efficiency through customisable and shared pre- and post-trade workflows.
“Client demand for cross-market efficiency is a primary driver for GLMX to deliver new technologies and connectivity,” said Andy Wiblin, chief operating officer at GLMX.
“By partnering with FlexTrade, we aim to support our clients’ trading, risk management, and operational resilience efforts globally.”
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The newly created workflows will enable trading teams to automate complex order routing and allocation strategies, minimise manual errors, and achieve regulatory compliance.
The API integration is available for deployment immediately by mutual FlexTrade and GLMX clients.
“We’re delighted to make our new integration to the GLMX platform available for FlexTrade’s global asset management and hedge fund community,” said Satish Ramanath, SVP, buy-side, APAC at FlexTrade Systems.
“Working together with GLMX, we’ve provided our clients with a seamless and efficient means of accessing differentiated liquidity within their existing workflows.”