PBI Axiom Integrates with GLMX for Straight-Through Processing

Repo trades executed in GLMX now flow directly into PBI Axiom, with no manual re-entry.

PBI Axiom, our credit-focused trade order management platform (OMS), now integrates directly with GLMX, the execution platform for repurchase agreements (repo). The integration is live in production with clients today.

The Problem with Manual Repo Trade Booking

Repo desks have traditionally executed trades in GLMX and then booked them in their OMS, either one by one or through a file upload. That duplicate entry slowed teams down and increased the risk of booking errors. For firms with high repo volumes, a single mistyped rate, term or allocation can become a counterparty break or a settlement failure.

How PBI Axiom’s GLMX Integration Works

As soon as a trade is executed in GLMX, PBI Axiom receives it and creates the trade automatically. Each trade arrives with collateral, quantity, rate, term and counterparty, along with block details. If allocations are pre-assigned in GLMX, for example splitting a $10 million trade across three funds, PBI Axiom creates those allocations as well.

Traders and operations teams then review the trade, confirm cash, collateral and allocations, and approve it. Once approved, the trade flows through PBI Axiom’s compliance checks and updates positions and cash. They confirm trades instead of re-keying them.

Benefits of Automated Repo Trade Booking

• Less manual entry for traders and operations
• Fewer booking errors and downstream exceptions
• A faster path from execution to settlement
• Built for repo volumes. Repo desks book many trades a day, often split across multiple funds. Automating booking removes the re-keying, shortens the time from execution to a booked trade, and cuts the exceptions that come from manual errors.

“Straight-through processing is the foundation of how we build. Whether it’s bonds, equities, futures, FX, loans, or now repos, when a trade is executed, it should flow into PBI Axiom without anyone touching it. Repo trading now works the same way, so teams can spend their time reviewing trades instead of re-keying them.”

– Sumit Mahajan, COO/CPO, PBI

Part of a growing integration library

GLMX expands PBI Axiom’s existing trading and execution integrations, which include:

• Bloomberg: FIT, TSOX, VCON, and EMSX
• Tradeweb
• MarketAxess
• Trumid
• Octaura
• Neovest
• FX Connect
• Direct-to-broker connectivity

From execution to settlement, PBI Axiom keeps your trading workflow connected.

Talk to our team to learn more about the GLMX integration and PBI Axiom. https://www.portfoliobi.com/contact-us/