DMALINK adds Russian Ruble (RUB) to institutional FX ECN

Rick Steves

The EM-focused institutional FX ECN is working closely with the Financial Markets Association Russia (ACI), the global trade association representing the interests of the professional wholesale financial markets community.

DMALINK has affirmed its commitment to the Russian market, enabling firms globally to transact Russian Ruble (RUB) using its central clearing model powered by a network of Tier 1 Prime Brokers.

The EM-focused institutional FX ECN is working closely with the Financial Markets Association Russia (ACI), the global trade association representing the interests of the professional wholesale financial markets community.

DMALINK is a data-centric ECN for professional Foreign Exchange traders streaming anonymous and bilateral, proactively tailored, and sustainable pricing with particular focus on Emerging Markets, Scandie crosses and CE3.

Michael Siwek, Founding Partner and Global Head of Sales at DMALINK, said: “The ACI’s drive to strengthen international relations is in line with our approach to connecting counterparties on the platform, especially in emerging markets. We look forward to working closely with ACI Russia and local national associations.”

Sergey Romanchuk, President of ACI Russia, commented: “We are happy to see DMALINK as one of the new sponsors of our traditional ACI Russia eFX Summit events, as this allows them to address the audience looking to find new technology solutions and FX market developments.”

Manu Choudhary, CEO at DMALINK, stated: “Through our emphasis on pre-trade credit checks in close collaboration with technology vendors such as Traiana’s Creditlink and our central clearing relationship, we can facilitate a wide range of credit arrangements in Russia and the emerging markets, to the benefit of our clients and liquidity providers.”

Kim Winding Larsen, ACI FMA President, added: “ACI FMA would like to welcome DMALINK as a new sponsor, not just for upcoming eFX Summit events in Russia, but also for future ACI events in other ACI FMA regions. We look forward to a good cooperation.

DMALINK caters to Banks, Funds, Corporates, and Proprietary Trading Firms that have a particular demand for sustainable liquidity access across non-G-7 pairs.

The provider of institutional FX trading and RegTech services has recently partnered with Gold-i to offer its emerging markets liquidity through Gold-i’s Matrix NET.

The partnership with Gold-i enables DMALINK to increase its global footprint, particularly in the APAC region where Gold-i has a strong client base.

It also enables Gold-i’s clients to benefit from a broader choice of liquidity including RegTech services and, in particular, enhances Gold-i’s offering for institutional clients – an increasingly key market segment for the global Fintech firm.

A recent partnership with Nomura has also bolstered DMALINK’s Asia eFX book, providing customized Asian eFX pricing to its buy-side platform participants in New York and London, with Singapore being added in Q1 2022.

In 2019, the EM-focused institutional FX ECN has joined Liquidity Finder, a liquidity solutions search tool that provides a consolidated view of liquidity providers for institutional and professional market participants looking for eFX, CFD, and other OTC electronic markets.

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