EM Focused Institutional FX ECN DMALINK Confirms Addition of Commerzbank to FX Streaming Service.
Commerzbank will transfer the prices electronically to the platform. This strategic partnership comes at an opportune time, bolstering efforts to expand cross-currency product support to select customers worldwide, complementing existing USD-based currency pairs.
Michael Siwek, founder and chief revenue officer of DMALINK said:
“When we consider building markets for our ecosystem, we strive to provide tangible value to our customers in terms of geography, depth of book, offering and other key criteria. Commerzbank is strategically aligned with these conditions, enhancing liquidity in our ecosystem.”
Tibor Gergely, Head of eFX Liquidity at Commerzbank, commented:
“We are excited to provide our liquidity to DMALINK. Our data-driven approach to providing liquidity enables Commerzbank to continuously optimize the trading experience for our customers, and we aim to offer greater accessibility through venues to support their day-to-day business.”
Currently, DMALINK is developing its online forex trading services, also supporting T+0 settlement through API and GUI service as well as VOICE. The addition of Commerzbank is well timed and in line with its roadmap to meet customer demand across all regions.
Manu Choudhary, CEO of DMALINK, concluded:
“We are delighted to confirm that Commerzbank is on board. The inclusion of Commerzbank stems from continued customer demand, achieving our core objective of providing data-driven institutional forex liquidity across a range of trade sizes to users of any of our platforms who wish to access primary markets efficiently.”