DMALINK, the emerging markets-focused institutional FX ECN venue, has bolstered its Scandinavian currency presence this week. The firm revealed that Danske Bank A/S, has added DMALINK as a platform to provide custom Scandinavian eFX pricing to its buy-side clients.
The inclusion of Danske Bank in the DMALINK ecosystem creates an opportunity for its buy-side clients to access top-tier specialized liquidity across Scandinavian currencies.
DMALINK is a data-centric ECN for foreign exchange traders, streaming anonymous and bilateral, proactively tailored, and sustainable pricing with a particular focus on emerging markets, Scandie crosses, and CE3. The firm serves industry leaders across the forex trading ecosystem, with a specific demand for sustainable liquidity access across non-G-7 pairs.
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Michael Siwek, Founding Partner and Global Head of Sales at DMALINK, 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 is the largest financial services provider in Denmark, and one of the largest financial institutions in the Nordic countries, with more than 21,000 employees across Europe and the US. It consistently ranks amongst the preferred financial service providers for Nordic institutional and large corporate clients.
Dominant presence in Denmark
Thomas Djernis, Director of eFX at Danske Bank, said: “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.”
He said that Danske Bank has invested heavily in their FX Infrastructure during the last three years, to allow the Scandinavian bank to be able to continue serving its clients’ ever evolving needs in the eFX space.
Manu Choudhary, CEO at DMALINK, 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.”
The expansion of Scandi liquidity access for the benefit of DMALINK clients is on target with the ECN’s 2022 growth map to offer AI-based liquidity management tools and risk management algos.
