DMALINK adds Commerzbank to its FX streaming service

Rick Steves

“The inclusion of Commerzbank stems from ongoing client demand, achieving our core objective of providing data-driven institutional FX liquidity in a variety of trade sizes to users of any of our platforms looking to access primary markets efficiently.”

DMALINK has added Commerzbank to its foreign exchange streaming service, the leading institutional FX ECN focusing on emerging markets confirmed.

Commerzbank has officially gone live on the DMALINK platform, streaming prices electronically and marking a significant step in DMALINK’s efforts to enhance cross-currency product support globally, particularly in non-USD currency pairs.

Tangible value in geographical location, depth of book, quote, etc

Michael Siwek, Founder and Chief Revenue Officer at DMALINK, said: “When considering a market maker for our ecosystem we strive to provide tangible value for our clients in respect to geographical location, depth of book, quote and other pivotal criteria. Commerzbank strategically aligns with these prerequisites, enhancing liquidity within our ecosystem.”

As DMALINK expands its asset class offerings, the company remains committed to integrating FX within its electronic trading platforms, catering to clients who seek efficient execution across various currencies.

Tibor Gergely, Head of eFX Liquidity at Commerzbank, highlighted Commerzbank’s data-driven approach to liquidity provision and the aim to optimize the trading experience for clients, enhancing accessibility through multiple venues. “We are excited to provide our liquidity to DMALINK. Our data-driven approach to liquidity provision enables Commerzbank to constantly optimize the trading experience for our clients and we aim to offer greater accessibility via venues to support their day-to-day business.”

Data-driven institutional FX liquidity in a variety of trade sizes

DMALINK is actively expanding its foreign exchange trading services, including spot trading and supporting T+0 settlement through various channels such as API, GUI service, and VOICE. The inclusion of Commerzbank aligns with DMALINK’s roadmap to meet client demand across different regions.

Manu Choudhary, CEO at DMALINK, mentioned that the addition responds to ongoing client demand, meeting DMALINK’s core objective of providing data-driven institutional FX liquidity for various trade sizes through any of its platforms. “We are thrilled in confirming that Commerzbank has joined us. The inclusion of Commerzbank stems from ongoing client demand, achieving our core objective of providing data-driven institutional FX liquidity in a variety of trade sizes to users of any of our platforms looking to access primary markets efficiently.”

Commerzbank is a leading bank in Germany, catering to corporate, private, and small-business customers. With a strong focus on foreign trade, Commerzbank operates in over 40 countries and serves as a key financial partner for businesses related to Germany, Austria, or Switzerland.

DMALINK is a data-centric ECN, specializing in professional Foreign Exchange trading, with a focus on Emerging Markets, Scandie crosses, and CE3. It provides tailored and sustainable liquidity access for industry leaders like Banks, Funds, Corporates, and Proprietary Trading Firms, especially in non-G-7 currency pairs.

EM FX demand set to increase regardless of volatility

In a recent interview with FinanceFeeds, DMALINK’s CEO Manu Choudhary spoke about the EM FX business. He admitted that “certainly volatility is interesting, not necessarily good for those locations, but absolutely good for business”.

Emerging Markets, defined as “one from which you can’t emerge from in a crisis”, are set to dominate the world in the next five to ten years, from a population perspective and interest in EM FX will only increase regardless of volatility. Even after speculative demand subsides, he said, investor demand is expected to grow exponentially because emerging markets are a very attractive part of the world.

As a provider of trading technology and liquidity solutions, DMALINK offers anonymous access to global EM liquidity with big data and an ultra-low latency ecosystem. Its liquidity engine for EM FX was built after spending “a lot of time sourcing local liquidity on both sides. We’ve managed to get ourselves in a position where we do offer some very good pricing in the EM crosses”.

After a trial run in 2022, DMALINK signed up to the FX Global Code, “a quite compelling force to push people in the right direction” as he observed that “unless they sign up, they have really fragile liquidity”. The movement led by the Global Foreign Exchange Committee (GFXC) is seeing buyside, sellside, and vendors, working together to form a benchmark of healthy and sustainable eFX execution practices and DMALINK plays a critical role, particularly in the non G-7 space.

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