- GLMX gains Recognized Market Operator (RMO) status from the Monetary Authority of Singapore (MAS).
- This approval enables GLMX to serve financial institutions in Singapore, a key global trading hub, and reinforces its commitment to regulatory compliance.
GLMX Technologies LLC, a technology provider specializing in 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 approval allows GLMX to offer its platform to financial institutions in Singapore, a crucial global trading hub.
The RMO status marks a significant milestone for GLMX, enabling the company to expand its global footprint and reinforce 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.
He noted the increasing demand from Asian institutions for a single access point to the global money market. Over the past 12-18 months, interest in connecting to the GLMX platform has surged.
“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.
