DMALink Connects with Traiana, Adds Nomura
Posted by Colin Lambert. Last updated: August 16, 2021
Emerging markets focused ECN DMALink has announced that Traiana’s NetLink will be used to aggregate trades on its New York and London platforms available to all qualifying participants via its prime broker, NatWest Markets.
The firm days the addition of NetLink enables its clients to increase operational efficiency, which provides credit efficiencies through netting. The additional cost saving will allow users to enjoy a broader spectrum of trade sizes and enable new counterparty types to join the DMALink ecosystem, it adds.
“We are enabling the NetLink aggregation service and opening up the DMALink platform to market participants transacting any ticket sizes [and] enables us to add more neutral flow to our FX ecosystem, which benefits the buy and sell side,” says Manu Choudhary, CEO of DMALink.
Nick Clark of NatWest Markets adds, “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 optimising settlement processes and reducing settlement risk.”
In a separate move, Nomura has onboarded DMALink as a platform and will provide liquidity on the platform. Michael Siwek, founding partner and global head of sales at DMALink, says, “Asian crosses form an ever-growing part in our clients’ execution. Participants can transact any trade size through NetLink across CLS and non-CLS pairs. Users can access Nomura specific pricing across various specialised pricing pools, coupled with in-depth reporting to cater to a high level of competitiveness in today’s FX landscape.”