DMALINK Strengthens FX and Bullion Presence, Onboards Crédit Agricole CIB

Wednesday, 28/09/2022 | 08:57 GMT by Bilal Jafar
  • Crédit Agricole CIB has added DMALINK as a platform to provide custom eFX and precious metals pricing.
  • The onboarding will facilitate the buy-side clients.
forex

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.

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."

In February 2022, DMALINK expanded its advisory with the addition of Thomas Soede and Greg Myers.

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 company’s 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.

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.

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."

In February 2022, DMALINK expanded its advisory with the addition of Thomas Soede and Greg Myers.

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 company’s 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.

About the Author: Bilal Jafar
Bilal Jafar
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Bilal Jafar holds an MBA in Finance. In a professional career of more than 8 years, Jafar covered the evolution of FX, Cryptocurrencies, and Fintech. He started his career as a financial markets analyst and worked in different positions in the global media sector. Jafar writes about diverse topics within FX, Crypto, and the financial technology market.

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