DMALINK, a provider of institutional FX trading services, announced on Wednesday it will use Traiana’s NetLink to aggregate trades on its New York and London platforms. Traiana is a part of the US derivatives exchange giant, CME Group.
The official press release elaborated that the services will be available to all qualifying participants through its prime broker, NatWest Markets.
“We’re pleased to be enabling the NetLink aggregation service and opening up the DMALINK platform to market participants transacting any ticket sizes,” said Manu Choudhary, CEO of DMALINK.
Reducing Costs
Moreover, the company detailed that the addition of NetLink has enabled its clients to improve operational efficiency. With the aggregation of trades, the institutions can save additional costs that will result in a broader spectrum of trade sizes.
Further, DMALINK is optimistic that the service will enable new counterparty types to join its ecosystem.
“We are now able to fully service high volumes of any trade size in a cost-efficient way. NetLink enables us to add more neutral flow to our FX ecosystem, which benefits the buy and sell-side,” Choudhary added.
DMALINK provides an independent electronic trading venue and Liquidity access for professional FX traders with a particular focus on emerging currencies.
“DMALINK is now able to fully service a wide spectrum of clients via one automated real-time connection, permitting Liquidity Providers and prime brokers to have immediate access to all counterparties in the DMALINK ecosystem using our ticket aggregation service,” Jo Davies, Global Head of Traiana said.
Nick Clark of NatWest Markets commented: “The integration of NetLink to the DMALINK platform is a great move at a time when there is increased demand for a wider range of clip sizes, whilst simultaneously optimizing settlement processes and reducing settlement rise.”
