Danske Bank Joins DMALink
Posted by Colin Lambert. Last updated: August 22, 2023
Emerging markets-focused ECN DMALink says Danske Bank has joined the platform to provide pricing to its clients in Scandinavian currency pairs.
The platform, which earlier this year completed a successful beta-run of FX Global Code-only liquidity, says the addition of Danske broadens the firm’s liquidity offerings.
“Scandinavian currencies such as DKK, NOK, and SEK are important to our clients’ portfolio,” says Michael Siwek, founding partner and global head of sales at DMALink. “Users can access Danske Bank´s tailored pricing across pre-set liquidity pools, underpinned by advanced analytics.”
Thomas Djernis, director e-FX, Danske Bank, adds, “Danske Bank is looking forward to pricing select clients on the DMALink platform. Our dominant presence in Denmark and Scandinavia positions us well to DMALink, which is primarily focused within the regional markets.”
Manu Choudhary, CEO at DMALink, says the move is a response to buy-side demand, for regional e-FX pricing, and adds, “The expansion of Scandi liquidity access for the benefit of our clients is on target with our 2022 growth map to offer AI-based liquidity management tools and risk management algos.”