DMALINK and ADS Securities LLC enter into strategic FX Prime Brokerage clearing deal

DMALINK, a global provider of highly tailored institutional Foreign Exchange (FX) trading services, today announced that ADS Securities LLC will now offer its select institutional clients access to a full suite of pre and post trade services and clearing facilities.

ADS Securities will deliver customized credit intermediation solutions to DMALINK, providing their specifically targeted counterparties access to a sustainable prime brokerage ecosystem. The service agreement will leverage ADS Securities’ strong relationships with existing PBs and its high level of capitalization to provide DMALINK with sustainable access to credit and counterparties, and further enhance their hands-on client support. DMALINK distributes major, minor and exotic spot currencies including Gold and Silver to clients throughout the UK, Continental Europe, North America and the APAC region.

Ashwind Soonarane, Managing Director and Head of Liquidity at DMALINK, commented: “We are delighted to announce our global deal with ADS Securities. Their credit intermediation offering is robust, scalable, and highly sophisticated. Their infrastructure and business model ideally address our requirements, extend our capabilities and augment key differentiators. This is an important step towards achieving our strategic objectives of delivering superior global institutional eFX services to existing and future DMALINK clients.”

James Watson, Managing Director, ADS Securities London Limited, said: “We are pleased to work with DMALINK to strengthen their leading institutional FX market service offering. In today’s competitive trading landscape, DMALINK’s global reach, deep industry knowledge and excellence in client service truly set them apart. Extending our Prime of Prime offering to DMALINK will ensure their clients have access to sustainable liquidity at a competitive cost, purpose built technology and superior clearing services. This deal will be highly beneficial to both ADS Securities and DMALINK, and more importantly, the underlying customers around the world.”

Michael Siwek, Founding Partner and Global Head of Sales at DMALINK, added: “This arrangement is a reflection of our close relationship with ADS Securities and is a crucial element in achieving and maintaining a superior API and GUI execution experience for DMALINK clients. The ADS clearing solution enables DMALINK clients to access CLS and non CLS currencies from multiple sources of specialized tier 1 banks, non-bank market makers and regional bank liquidity, and deliver in-depth reporting at a price of credit which caters for a high level of competitiveness in today’s FX execution landscape. We are pleased that any cost saving will be for the benefit of DMALINK clients now and in the future.”

Marco Baggioli, Chief Operating Officer, ADS Securities London Limited, commented: “Tighter regulation, reduced risk appetite and a decline in the number of prime brokers are affecting growth in the global FX market. When we launched our Prime of Prime offering, we saw a unique opportunity for well-capitalized, technologically astute brokerages like ADS Securities to support the institutional FX market by addressing the market gap in credit intermediation facilities. This deal not only gives DMALINK and its clients access to the credit lines they are looking for, it allows us to step up and play an important role in safeguarding the sustainability of the FX industry as a whole.”