DMALINK integrates Commerzbank

According to DMALINK’s officials, the company chose Commerzbank for its ecosystem due to its ability to provide value for its clients concerning geographical location, depth of book, quote, and other criteria. The bank strategically aligns with these conditions and improves liquidity within the company’s ecosystem. Furthermore, DMALINK expressed its commitment to embedding FX within its electronic trading platforms as it expands its asset classes, catering to clients requiring improved execution across diverse currencies.

Representatives from Commerzbank stated that its data-driven approach to liquidity provision enables the bank to continuously optimise the trading experience for clients, as it intends to provide improved accessibility through venues to support day-to-day business. Considering that DMALINK is currently developing its FX trading services across spot and also supports T+0 settlement via its API, GUI service, and VOICE, the addition of Commerzbank matches the timeline, and it is in line with its roadmap to meet client demands across regions. Officials from DMALINK confirmed that the integration of Commerzbank allows the company to work on achieving its core objective of providing data-driven institutional FX liquidity in several trade sizes to users of any of its platforms needing to access primary markets conveniently.

DMALINK is a data-centric ECN for professional FX traders providing anonymous and bilateral, proactively customed, and sustainable pricing focusing on Emerging Markets, Scandie crosses, and CE3. The company offers its services to banks, funds, corporates, and proprietary trading firms that demand sustainable liquidity access across non-G-7 pairs. During recent months, DMALINK entered multiple collaborations to advance its development strategy, including one with Danske Bank in August 2023. The bank selected the company as a platform to provide custom Scandinavian eFX pricing to its buy-side clients. Through this development, DMALINK enhanced its presence in Scandinavian currencies, considering that Danske Bank A/S integrated with its platform to provide customised Scandinavian eFX pricing to its buy-side customers. Furthermore, the collaboration allowed the bank’s clients to access specialised liquidity for Scandinavian currencies through the DMALINK ecosystem.

A month prior, DMALINK partnered with COMO Digital Life to cater to the unfulfilled requirements of advancing technology enterprises. By joining forces, the two companies intended to combine COMO Digital Life’s knowledge of cross-border payments with DMALINK’s experience in FX. This was set to allow both companies to create a product package developed to tend to the needs and preferences of this group of customers. Also, the joint venture was intended to facilitate the provision of a solution that merged FX trading and cross-border transactions, enabling the technology companies to navigate global markets.

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