Crédit Agricole Joins DMALink
Posted by Colin Lambert. Last updated: September 28, 2022
Emerging markets ECN DMALink has announced that Crédit Agricole is now pricing to the platform in FX pairs and precious metals.
The firm says the addition of the bank enables the platform’s buy side users to access liquidity in emerging markets and major currencies.
“Currencies such as PLN, CNH, JPY CAD and major crosses are important to our clients’ portfolio,” says Michael Siwek, founding partner and global head of sales for DMALink. “Users can access Crédit Agricole tailored pricing across pre-set liquidity pools, underpinned by advanced analytics.
Teddy Russ, director e-FX sales at Crédit Agricole, adds, ” Our full amount feeds coupled with a strong European presence, position us well to DMALink, which is primarily focused within the regional markets.”
Manu Choudhary, CEO at DMALINK, says the move “motivated by buy-side demand” adding that Crédit Agricole’s commitment to the FX Global Code “is important to our client’s trading behaviour on the platform”.
Ashwind Soonarane, CTO at DMALink, concludes, “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.”