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GLMX Electronic Repo Marketplace Raises $20 Million In Bid To Address Market's Growing Efficiency And Reporting Concerns

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GLMX, a comprehensive technology solution for the trading of repurchase agreements ("repo") and secured lending, has raised $20 million in growth equity financing. The investment will help the firm expand its operations into major European markets and bolster its engineering team following a record year in which its client base doubled, and weekly trading volumes exceeded $68 billion.

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