The equity financing came from Sutter Hill Ventures, Otter Capital and Tippet Venture Partners, all of which were initial backers of the platform.
The firm will use the funds to expand its European operations and build out its local engineering team, it says. GLMX offers a request-for-quote (RFQ) buy-side-to-dealer trading platform in repo markets and recently revamped its entire technology architecture, debuting its new platform on January 9. It says that its client base has doubled this year,
Bryan Cross, who heads UBS Asset Management's QED group, joins to discuss alternative data and AI.Subscribe to Weekly Wrap emails