GLMX supports first TRS trade on the platform
06 February 2026 US
Image: Kiattisak/stock.adobe.com
GLMX has announced its achievement to support the first total return swap (TRS) trade on the platform 鈥� a swap over US Treasuries.
鈥淭he TRS trade on GLMX is the first of many and a further, powerful indication of the promising path for innovation in our market,鈥� says GLMX CEO Glenn Havlicek.
With the trade completed in December, Elliot Waxman, head of cross-product business development at GLMX, says it is an important milestone for the market and the firm鈥檚 clients.
He continues: 鈥淚t represents years of investment in a product designed for the future of the TRS market, and we are deeply appreciative of the participation from our innovative clients.
鈥淲e are excited to support TRS as it broadens the range of options for our clients, adding a compelling synthetic alternative to repo and SBL.鈥�
In a recent quarterly report for Q4 2025, GLMX revealed that the platform hit a record repo volume of over US$2 trillion and repo balance of US$4.9 trillion.
GLMX has also extended its regulatory authorisation in Australia with a market license, building on its foundation to support Australian domestic repo and securities lending.
鈥淭he TRS trade on GLMX is the first of many and a further, powerful indication of the promising path for innovation in our market,鈥� says GLMX CEO Glenn Havlicek.
With the trade completed in December, Elliot Waxman, head of cross-product business development at GLMX, says it is an important milestone for the market and the firm鈥檚 clients.
He continues: 鈥淚t represents years of investment in a product designed for the future of the TRS market, and we are deeply appreciative of the participation from our innovative clients.
鈥淲e are excited to support TRS as it broadens the range of options for our clients, adding a compelling synthetic alternative to repo and SBL.鈥�
In a recent quarterly report for Q4 2025, GLMX revealed that the platform hit a record repo volume of over US$2 trillion and repo balance of US$4.9 trillion.
GLMX has also extended its regulatory authorisation in Australia with a market license, building on its foundation to support Australian domestic repo and securities lending.
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