Explore Companies BySectors & Categories
Explore Companies ByUse Cases
Explore Companies ByProducts & Services
Explore Companies ByRankings & Reviews
Featured NewsCompaniesMarketsCryptoTechRegulatoryCommentaryUKUSWorldMore

    Latest Wires

      Daily Newsletter

      LF Daily News

      Daily industry focused newsletter giving you an overview for the financial & finTech industry.

      See All Newsletters
      By clicking "Sign Up" you are agreeing to our Terms of Service and Privacy Policy

      DMALINK® Expands Its FX Global Code Participation

      Published: just now

       DMALINK® Expands Its FX Global Code Participation

      November 7, 2022 - EM-focused institutional FX ECN, DMALINK, has announced that it is expanding its global code of conduct LP member-base following a successful beta run in 2022.

      The firm cemented its belief in the global code of conduct by publishing a statement of commitment on the CLS register in October 2022.

      The decision to adhere to the code has been confirmed by a trial run with select counterparties.

      Michael Siwek, Founding Partner and Global Head of Sales at DMALINK, said: "Although currently voluntary, the code is a step in the right direction to benefit all market participants. Metrics such as quote-to-order ratio is crucial to sophisticated clients.”

      The build-out of code-adhering market makers will be segmented into categories based on currencies and regions to match with client demand.

      Manu Choudhary, CEO at DMALINK, adds: "We are thrilled to officially launch the global code of conduct streams across our London and New York trading hubs. We are always working to improve the liquidity provision for all platform participants and over the next twelve months, we plan to broaden the parameters used to establish prudent liquidity utilisation."

      "The aim is to work with clients and market makers alike hosting regular workshops to jointly form a benchmark of healthy and sustainable eFX execution practices, which we hope will shape the future of potential enhanced regulation”, concluded Ashwind Soonarane, COO of DMALINK.

      The move by DMALINK adds to a growing trend amongst Institutional FX trading platforms to commit to the Global Foreign Exchange Committee's Global Code. The following is a list of FX venues that have committed to the code (click on each name to see their statement):

      360T, 23 June 2022
      Cboe FX (Hotspot), September 2017
      DMALINK 24 October, 2022
      EBS 10 June, 2022
      Euronext FX (Fastmatch) 13 September, 2022
      London Stock Exchange Group (Refinitiv) 2 October, 2018
      ParFX 20 September, 2017
      PrimeXM 10 December, 2019
      Siege FX 29 November, 2021

      Euronext FX, having stated its commitment to the Code in September this year, recently announced that it will transition all anonymous Spot liquidity to pools consisting of FX Global Code signatories only, from January 1st 2023.

      Learn more about the FX Global Code here.

      We're the largest marketplace to connect with brokers, Fintech companies & digital asset firms. Want to partner? Let's get in touch.

      This content may have been written by a third party. LiquidityFinder makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or other information supplies by any third-party. This content is information only, and does not constitute financial, investment or other advice on which you can rely.
      Comments
      Most Recent
      Written By
      profile image formember on LiquidityFinder
      Founder & CEO, LiquidityFinder

      Sam Low is the founder and CEO of LiquidityFinder. He has more than 25 years of experience in financial markets technology and is building a professional network and marketplace for the financial industry.

      Daily Newsletter

      LF Daily News

      Daily industry focused newsletter giving you an overview for the financial & finTech industry.

      See All Newsletters
      By clicking "Sign Up" you are agreeing to our Terms of Service and Privacy Policy
      RSS Feeds

      Create a custom RSS Feed

      Select the categories and companies you wish to follow directly to your person rss feed.

      Create Custom RSS Feed

      Related Categories:

      Related Tags:

      #DMALINK#FXGlobalCode#InstitutionalFX#GlobalCodeOfConduct#LiquidityProvision#ForeignExchange#ECN

      Related Articles:

      Find The Right Partners for
      Your Trading Business

      Sign up and join over 5,000 professional members who receive personalized news alerts, curated professional connections, and more for free!

      Create Your FREE Account
      Get access to latest news, updates, real-time data, brokerage and trading firm insights and customized information feeds.

      Plus500US has joined TradingView’s broker network, allowing clients to trade standard, E-mini and Micro futures directly from the platform’s Supercharts interface.

      just now

      Scope Markets has added pre-IPO CFD trading on Anthropic and OpenAI shares for its retail clients on MetaTrader 5. The instruments are quoted 24/7, require 100% margin and carry no leverage, with free webinars in Arabic and English set for Thursday 12 November. Clients do not acquire shares or gain shareholder rights.

      just now

      Broadridge's Distributed Ledger Repo processed an average of $345 billion in daily repo transactions in October, with total volumes of $7.6 trillion, as the company expands its digital asset infrastructure through its DLX platform covering issuance, trading, settlement, servicing and distribution of tokenised assets.

      just now

      Spotware Systems, the company behind cTrader, has launched cAntifraud, an AI-powered fraud detection solution for FX/CFD brokers and prop firms.

      just now

      Prediction market operator Polymarket has received approval from the National Futures Association (NFA) for its affiliate PM Derivatives, LLC to operate as a Futures Commission Merchant (FCM) on a fully collateralised basis.

      just now

      Global financial services platform Marex Group has reported record third quarter results, with revenue from both its FX and Prime businesses more than doubling year on year.

      just now

      etoro has agreed to acquire LB Finanzas, an Argentine all-in-one financial app covering investing and payments, and plans to make Argentina its regional hub in Latin America. There is no immediate impact for etoro users in Argentina, with future integration planned. Financial terms were not disclosed.

      just now

      Multi-asset broker and crypto asset service provider PrimeXBT has launched a Model Context Protocol (MCP) integration that lets clients connect AI assistants such as ChatGPT and Claude directly to their trading accounts

      just now

      The global copy trading platform market is projected to grow at a compound annual growth rate of 17.8% through 2033, driven by the increasing adoption of automated trading technologies and social trading trends.

      just now

      XS.com has appointed Hanna Le as Regional Business Development Director for Vietnam. She returns to the broker after serving as Country Manager, having previously worked at GTCFX, Radex Markets, Info Finance and Shinhan Bank. She will lead business development and partner relations initiatives in the Vietnamese market.

      just now
      Feed