DMALINK, a data-centric ECN focusing on the emerging market for professional Foreign Exchange traders, has announced a partnership with Danske Bank A/S, the leading financial services provider in Denmark and a major entity in the Nordic financial sector.
The collaboration has been initiated to strengthen the offering of Scandinavian electronic FX (eFX) pricing, particularly to buy-side clients. The addition of Danske Bank to DMALINK’s platform creates an opportunity for buy-side clients to tap into top-tier liquidity for Scandinavian currencies.
DMALINK is a professional Foreign Exchange ECN that emphasises data-centric solutions. They specialise in streaming anonymous, tailored, and sustainable pricing, especially in emerging markets, Scandie crosses, and CE3. The platform serves a range of industry leaders such as banks, funds, corporates, and proprietary trading firms, offering sustainable liquidity access across non-G-7 pairs.
As Denmark’s largest financial services provider and a dominant force in the Nordic region, Danske Bank has been instrumental in fostering growth and development in society for over 150 years. It houses the Danske Bank Large Corporates & Institutions (LC&I) which has a robust presence and a longstanding history in the financial industry. The institution has consistently been the top choice for Nordic institutional and large corporate clients.
The collaboration between DMALINK and Danske Bank signifies an expansion of Scandinavian liquidity access, aligning with DMALINK’s growth strategy from 2022 to deliver AI-based liquidity management tools and risk management algorithms.
Danske Bank has been proactive in reinforcing their FX Infrastructure over the past three years, ensuring they stay ahead in serving the evolving needs of their clients in the electronic FX arena.
DMALINK Founding Partner and Global Head of Sales Michael Siwek said, “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.”
Danske Bank Director eFX Thomas Djernis commented, “Danske Bank is looking forward to pricing select clients on the DMALINK platform. Our dominant presence in Denmark and Scandinavia positions us well to DMALINK, which is primarily focused within the regional markets.”
DMALINK CEO Manu Choudhary added, “We are thrilled to welcome Danske Bank to the platform. The move is motivated by buy-side demand, meeting our goal of streaming regional eFX prices to existing and future partners.”
Ashwind Soonarane, CTO at the data-centric ECN, concluded, “The expansion of Scandi liquidity access for the benefit of our clients is on target with our 2022 growth map to offer AI-based liquidity management tools and risk management algos.”
Keep up with all the latest FinTech news here
Copyright © 2023 FinTech Global
