DMALINK Adds Nomura to Strengthen Asian eFX Pricing

Thursday, 12/08/2021 | 06:00 GMT by Arnab Shome
  • The move was made with demand from the buy-side clients of the company.
DMALINK Adds Nomura to Strengthen Asian eFX Pricing
FM

Nomura has onboarded DMALINK as a platform with an aim of providing customized Asian eFX pricing to its buy-side platform participants in New York and London. The company has plans to add Singapore-based participants as well in the first quarter of 2022.

DMALINK provides an independent electronic trading venue and Liquidity access for professional FX traders. It specifically focuses on emerging currencies.

Announced on Thursday, the addition of Nomura to DMALINK will provide suitable pricing pools access to ‘selected users’ during the Asian hours.

“Asian crosses form an ever-growing part in our clients' execution,” Michael Siwek, Founding Partner and Global Head of Sales at DMALINK, said in a statement. “Participants can transact any trade size through NetLink across CLS and non-CLS pairs. Users can access Nomura specific pricing across various specialized pricing pools, coupled with in-depth reporting to cater to a high level of competitiveness in today's FX landscape.”

Demand from Client Base

Additionally, the company detailed that it is heavily developing and deploying deep Analytics to improve clients' trade execution experience.

The platform recently announced that it will use Traiana’s NetLink to aggregate trades on its New York and London platforms, which will reduce the additional costs to its institutional clients.

“Nomura is excited to be providing our liquidity to DMALINK,” said Ian Daniels, Head of eFX Distribution of EMEA at Nomura. “Our footprint in Asia aligns us well to DMALINK, which is primarily focused within the Emerging Markets. We look forward to contributing to DMALINK’s Asian eFX business.”

DMALINK CEO, Manu Choudhary added: “The addition is driven by buy-side participant demand, achieving our core objective of providing data-driven regional institutional eFX services to existing and future collaborators.”

Nomura has onboarded DMALINK as a platform with an aim of providing customized Asian eFX pricing to its buy-side platform participants in New York and London. The company has plans to add Singapore-based participants as well in the first quarter of 2022.

DMALINK provides an independent electronic trading venue and Liquidity access for professional FX traders. It specifically focuses on emerging currencies.

Announced on Thursday, the addition of Nomura to DMALINK will provide suitable pricing pools access to ‘selected users’ during the Asian hours.

“Asian crosses form an ever-growing part in our clients' execution,” Michael Siwek, Founding Partner and Global Head of Sales at DMALINK, said in a statement. “Participants can transact any trade size through NetLink across CLS and non-CLS pairs. Users can access Nomura specific pricing across various specialized pricing pools, coupled with in-depth reporting to cater to a high level of competitiveness in today's FX landscape.”

Demand from Client Base

Additionally, the company detailed that it is heavily developing and deploying deep Analytics to improve clients' trade execution experience.

The platform recently announced that it will use Traiana’s NetLink to aggregate trades on its New York and London platforms, which will reduce the additional costs to its institutional clients.

“Nomura is excited to be providing our liquidity to DMALINK,” said Ian Daniels, Head of eFX Distribution of EMEA at Nomura. “Our footprint in Asia aligns us well to DMALINK, which is primarily focused within the Emerging Markets. We look forward to contributing to DMALINK’s Asian eFX business.”

DMALINK CEO, Manu Choudhary added: “The addition is driven by buy-side participant demand, achieving our core objective of providing data-driven regional institutional eFX services to existing and future collaborators.”

About the Author: Arnab Shome
Arnab Shome
  • 6425 Articles
  • 85 Followers
About the Author: Arnab Shome
Arnab is an electronics engineer-turned-financial editor. He entered the industry covering the cryptocurrency market for Finance Magnates and later expanded his reach to forex as well. He is passionate about the changing regulatory landscape on financial markets and keenly follows the disruptions in the industry with new-age technologies.
  • 6425 Articles
  • 85 Followers

More from the Author

Institutional FX

!"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}