DMALINK Strengthens Institutional FX Ecosystem with Commerzbank Integration

December 04, 2023 - DMALINK, the Emerging Markets focused institutional FX ECN that is also a member of the FX Global Code, has announced the commencement of live electronic price streaming by Commerzbank on its platform. This collaboration is strategically timed to support the expansion of cross-currency product offerings to select clients worldwide, alongside the existing USD-based currency pairs.

Michael Siwek, Founder and Chief Revenue Officer at DMALINK

"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," said Michael Siwek, Founder and Chief Revenue Officer at DMALINK.

"Amidst our expanding asset classes, we remain dedicated to embedding FX within our electronic trading platforms, catering to clients seeking seamless execution across diverse currencies," Siwek continued.

Tibor Gergely, Head of eFX Liquidity at Commerzbank

Tibor Gergely, Head of eFX Liquidity at Commerzbank, commented: "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."

DMALINK is presently building out its foreign exchange trading services across spot, also supporting T+0 settlement through its API and GUI service as well as VOICE. The addition of Commerzbank is well timed and in line with its roadmap to cater towards client demand across regions.

Manu Choudhary, CEO at DMALINK, concluded: "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." 

In August this year, DMALink added Danske Bank to support pricing for Scandinavian currencies for buy-side clients of its service. Previously the company announced the addition of Credit Agricole (for precious metals pricing) and Nomura (for its Asian eFX book) as additional Liquidity Providers on its network, although the total number of Liquidity Providers supporting DMALink is not disclosed by the company.