12:01 PM EDT, 03/27/2024 (MT Newswires) -- Bank of New York Mellon ( BK ) and GLMX said Wednesday that the companies are collaborating to allow buy-side clients direct repurchase trades at the point of execution to the bank's Triparty platform.

The integration is a result of an increasing demand from clients to extend the Triparty platform by adding repurchase agreement financing, the companies said.

Financial details of the collaboration were not disclosed.

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