GLMX Technologies LLC (“GLMX”), a comprehensive technology solution for trading money market instruments including repurchase agreements (repo) and securities lending, has announced the appointment of two senior executives: Gareth O'Loughlin as VP of Engineering and Joseph Russo as Director of Money Market Sales. Based in New York, they will support GLMX in its next phase of growth and play an important role in the firm’s development of a fully integrated digital ecosystem for trading front-end products.

O’Loughlin joins from Gagosian, the largest commercial gallery in the art world, where he was the Chief Technology Officer with global responsibility for all technology.  He will focus on scaling GLMX’s engineering team to accelerate innovation and product development.  

Glenn Havlicek, CEO and co-founder of GLMX, said, “Gareth brings a wealth of experience in managing software development and delivering technology to clients.”

Russo has extensive experience in money markets having previously held various senior management roles at leading exchanges and global tier-one banks, such as CME, BNY Mellon Capital Markets, and BBVA. He will be responsible for cultivating client relationships and will provide strategic direction when building new products.

“Joe’s deep knowledge of issuing, trading and investing in money market instruments combined with his unwavering advocacy of digitizing trading workflows for these products make him well positioned to consult with clients, distill their requests and to help GLMX develop innovative technology,” said Sal Giglio, COO of GLMX. 

“Hiring these talented individuals is a significant step towards fulfilling our client’s demand for a global, integrated, cross-product money markets trading solution,” added Havlicek.

Over the past 12 months, GLMX has experienced significant growth with many market participants looking to digitize their securities finance workflows given the weight of regulations, market conditions and a long list of industry initiatives.