DMALINK Signs UK Prime Brokerage as Central Clearer
- DMALINK has expertise in particular in certain currencies which are often hard to source.
DMALINK, a provider of institutional FX trading services, today said it has onboarded a London based ‘Tier 1 Prime Broker Prime Broker Prime brokers are the designation given to individuals handling a package of services offered by investment banks, wealth management firms, and securities dealers to hedge funds which need the ability to borrow securities and cash in order to be able to invest on a netted basis and achieve an absolute return.There are two types of prime brokers - bank and non-bank corporations. Traditionally major global investment banks have been the predominant players in the space, however recent years have p Prime brokers are the designation given to individuals handling a package of services offered by investment banks, wealth management firms, and securities dealers to hedge funds which need the ability to borrow securities and cash in order to be able to invest on a netted basis and achieve an absolute return.There are two types of prime brokers - bank and non-bank corporations. Traditionally major global investment banks have been the predominant players in the space, however recent years have p ’ to offer its institutional clients access a full suite of pre and post trade services and clearing facilities.
DMALINK said the new broker, whose name can be disclosed in bilateral conversations with LPs and takers, will deliver customized credit intermediation solutions to its platform participants globally. The service agreement will support DMALINK’s relationships with existing PBs and further enhance their hands-on client support.
"The CCP model fits within DMALINK’s business restructuring plans and places us on a fast track to scale the business and introduce added market transparency and competitiveness, as well as long-term returns to our shareholders. This is an important step towards achieving our core objective of providing data-driven global institutional eFX services to existing and future collaborators," Manu Choudhary, CEO at DMALINK, stated.
DMALINK provides an independent electronic trading venue and Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent access for professional FX traders with particular focus on emerging currencies. The company has expertise in particular in certain currencies which are often hard to source, including South African Rand, Mexican Peso, Czech Koruna, Polish Zloty, Hungarian Forint, and regular G7 pairs.
Clients across the UK, Europe, North America, and the APAC region further benefit from custom pricing access across majors, minors, and precious metals.
The DMALINK offering stands up with similar venues to help fill the estimated $1.3 trillion credit gap that now exists in the foreign currency market as tighter regulations have reduced the number of prime brokers.
DMALINK is also part of the growing list of LPs that are searchable and contactable on Liquidity Finder, which allows professional investors or trading businesses to make side-by-side comparisons when selecting their liquidity partners.
“Buy-side clients benefit from data insight not currently available across any other major ECN. Market makers and takers can use our technology to demonstrate compliance to local regulators”, added Ashwind Soonarane, Managing Partner at the data-centric ECN.
DMALINK, a provider of institutional FX trading services, today said it has onboarded a London based ‘Tier 1 Prime Broker Prime Broker Prime brokers are the designation given to individuals handling a package of services offered by investment banks, wealth management firms, and securities dealers to hedge funds which need the ability to borrow securities and cash in order to be able to invest on a netted basis and achieve an absolute return.There are two types of prime brokers - bank and non-bank corporations. Traditionally major global investment banks have been the predominant players in the space, however recent years have p Prime brokers are the designation given to individuals handling a package of services offered by investment banks, wealth management firms, and securities dealers to hedge funds which need the ability to borrow securities and cash in order to be able to invest on a netted basis and achieve an absolute return.There are two types of prime brokers - bank and non-bank corporations. Traditionally major global investment banks have been the predominant players in the space, however recent years have p ’ to offer its institutional clients access a full suite of pre and post trade services and clearing facilities.
DMALINK said the new broker, whose name can be disclosed in bilateral conversations with LPs and takers, will deliver customized credit intermediation solutions to its platform participants globally. The service agreement will support DMALINK’s relationships with existing PBs and further enhance their hands-on client support.
"The CCP model fits within DMALINK’s business restructuring plans and places us on a fast track to scale the business and introduce added market transparency and competitiveness, as well as long-term returns to our shareholders. This is an important step towards achieving our core objective of providing data-driven global institutional eFX services to existing and future collaborators," Manu Choudhary, CEO at DMALINK, stated.
DMALINK provides an independent electronic trading venue and Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent access for professional FX traders with particular focus on emerging currencies. The company has expertise in particular in certain currencies which are often hard to source, including South African Rand, Mexican Peso, Czech Koruna, Polish Zloty, Hungarian Forint, and regular G7 pairs.
Clients across the UK, Europe, North America, and the APAC region further benefit from custom pricing access across majors, minors, and precious metals.
The DMALINK offering stands up with similar venues to help fill the estimated $1.3 trillion credit gap that now exists in the foreign currency market as tighter regulations have reduced the number of prime brokers.
DMALINK is also part of the growing list of LPs that are searchable and contactable on Liquidity Finder, which allows professional investors or trading businesses to make side-by-side comparisons when selecting their liquidity partners.
“Buy-side clients benefit from data insight not currently available across any other major ECN. Market makers and takers can use our technology to demonstrate compliance to local regulators”, added Ashwind Soonarane, Managing Partner at the data-centric ECN.