DMALINK, a provider of institutional FX trading services, has announced the live integration of Commerzbank, which will electronically stream prices onto the platform.

DMALINK's Data-Driven FX Services with Commerzbank Integration

This collaboration comes at a strategic juncture to expand cross-currency product support for specific global clients, complementing the existing USD-based currency pairs.

Michael Siwek, the Founder and Chief Revenue Officer at DMALINK stated: “When considering a market maker for our ecosystem we strive to provide tangible value for our clients in respect to geographical location, depth of book, quote and other pivotal criteria. Commerzbank strategically aligns with these prerequisites, enhancing liquidity within our ecosystem."

Tibor Gergely, the Head of eFX Liquidity at Commerzbank, shared: "We're excited to provide our liquidity to DMALINK. Our data-driven approach to liquidity provision allows Commerzbank to consistently optimize the trading experience for our clients, aiming for greater accessibility via venues to support their day-to-day business.”

DMALINK is developing its foreign exchange trading services across spot, supporting T+0 settlement through its API and GUI service, as well as VOICE. The inclusion of Commerzbank aligns with its roadmap to meet client demand across regions, according to the firm.

Manu Choudhary, the CEO at DMALINK, concluded: “We're thrilled to confirm Commerzbank's partnership with us. This addition, driven by ongoing client demand, aligns with our core objective of providing data-driven institutional FX liquidity in various trade sizes to users accessing primary markets efficiently.”

DMALINK has expanded its Scandinavian currency options by collaborating with Danske Bank A/S. This venture enables DMALINK's buy-side clients to access targeted liquidity for Scandinavian currencies.

"Scandinavian currencies such as DKK, NOK, and SEK are important to our clients' portfolio. Users can access Danske Bank's tailored pricing across pre-set liquidity pools, underpinned by advanced analytics," Siwek commented.

DMALINK Expands Global Code of Conduct for eFX Market Makers

Earlier, Finance Magnates reported that DMALINK had expanded its global code of conduct order matching feature for eFX market makers. Following a beta test in early 2022, the move was endorsed by selected counterparties from the trial.

Although the code was voluntary, DMALINK's Siwek, saw it as a positive step, offering benefits such as the implementation of key metrics like a quote-to-order ratio.

The expansion has been involved code-adhering market makers categorized by regions and currencies to meet institutional client demand, aiming to enhance liquidity provision and broaden parameters for prudent liquidity utilization this year.

Ashwind Soonarane, DMALINK's COO, emphasized that the code of conduct facilitates collaboration between market makers and clients, forming a benchmark for sustainable eFX execution practices.

DMALINK has been strengthening its presence in eFX, onboarding Crédit Agricole CIB to its FX platform, ensuring custom eFX pricing for clients due to this partnership driven by increased buy-side demand. In February 2022, the company expanded its advisory team with the appointments of Greg Myes and Thomas Soede, focusing on building the firm's foreign exchange and digital assets footprint.