Danske Bank taps DMALINK for tailored Scandinavian eFX pricing to buy-side
“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.”
In a move that bolsters its presence in the Scandinavian currency market, DMALINK, an institutional FX ECN (Electronic Communication Network), has announced its collaboration with Danske Bank A/S.
This strategic partnership aims to provide tailored Scandinavian eFX (electronic foreign exchange) pricing to Danske Bank’s buy-side clients, enhancing their access to specialized liquidity across a range of currencies including DKK, NOK, and SEK.
“Scandinavian currencies such as DKK, NOK, and SEK are important to our clients’ portfolio”
The inclusion of Danske Bank into the DMALINK ecosystem marks a significant step toward achieving the company’s mission of offering advanced analytics-backed liquidity pools to its clients.
Michael Siwek, the Founding Partner and Global Head of Sales at DMALINK, underscored the importance of Scandinavian currencies in their clients’ portfolios. He stated, “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.”
Thomas Djernis, the Director eFX at Danske Bank, expressed anticipation for the collaboration, highlighting Danske Bank’s strong presence in Denmark and Scandinavia. Djernis explained, “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.”
Manu Choudhary, the CEO at DMALINK, echoed the sentiment of excitement and mutual benefit. Choudhary shared, “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, the CTO at the data-centric ECN, emphasized the partnership’s alignment with the company’s strategic roadmap. He stated, “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.”
Don’t miss out on FinanceFeeds Podcast with DMALINK’s Manu Choudhary
Manu Choudhary’s recent appearance on the FinanceFeeds Podcast sparked considerable interest with his diverse financial expertise. The conversation, hosted by Nikolai Isayev, covered a range of crucial topics.
Choudhary’s warning about Central Bank Digital Currencies (CBDCs) potentially disintermediating banks and concerns about their real-time control stood out. He debunked Bitcoin’s complete anonymity and highlighted USD’s predominant role in money laundering.
The podcast also explored macroeconomic challenges, with Choudhary discussing the crisis facing US retail due to inflation and volatility. His take on the BRICS gold-backed currency initiative revealed support for sound money, tempered by the complexities of geopolitics.