DMALINK Strengthens FX and Bullion Presence, Onboards Crédit Agricole CIB

　　In an official announcement on 28 September, DMALINK confirmed that the company has enhanced its developed and emerging markets currency and bullion presence. DMALINK has been able to onboard Crédit Agricole CIB to its FX and precious metal platforms.

　　Take Advantage of the Biggest Financial Event in London. This year we have expanded to new verticals in Online Trading, Fintech, Digital Assets, Blockchain, and Payments.

　　The addition of DMALINK as a platform by Crédit Agricole CIB will allow the financial giant to provide custom eFX and precious metals pricing to its buy-side clients.

　　In August 2021, Nomura, a prominent Japanese financial firm, announced the selection of DMALINK as a platform with a mission of providing customized Asian eFX pricing to its buy-side platform participants in New York and London.

　　Michael Siwek, the Founding Partner and Global Head of Sales at DMALINK, said: “Currencies such as PLN, CNH, JPY, CAD and major crosses are important to our client's portfolio. Users can access Crédit Agricole tailored pricing across pre-set liquidity pools, underpinned by advanced analytics.”

　　Teddy Russ, the Director eFX Sales at Crédit Agricole, commented: “We look forward to participating in the DMALINK ecosystem. Our full amount feeds coupled with a strong European presence, position us well to DMALINK, which is primarily focused within the regional markets.”

Buy-Side Demand

　　Manu Choudhary, the CEO at DMALINK, noted that the latest move is driven by a surge in the buy-side demand. According to Choudhary, the firm commitment of Crédit Agricole to the global code of conduct is important for the trading behavior of the companys clients on the platform.

　　“As the Bank offers a range of foreign currency linked and cross-asset structured products designed for Investors and Corporate currency risk management it provides a unique approach to liquidity access for our participants,” concluded Ashwind Soonarane, the CTO at the data-centric ECN.