DMALINK ® broadens invite for its global code of conduct order matching feature to select eFX market makers

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The firm cemented its belief in the global code of conduct by publishing a statement of commitment on the CLS register in October 2022.

Metadata

Provider:

PR Newswire

Retrieved on:

Monday, November 7, 2022

Information

Tags:

EFX, CEO, Publishing, CE3, EM, Foreign exchange market, COO, Bank, CLS, ECN, Emerging market

Geotags:

UNITED STATES OF AMERICA, UNITED KINGDOM, LONDON

Organisation:

DMALINK

Summary

Key Points:

The firm cemented its belief in the global code of conduct by publishing a statement of commitment on the CLS register in October 2022.
The decision to adhere to the code has been confirmed by a trial run with select counterparties.
Michael Siwek, Founding Partner and Global Head of Sales at DMALINK, said: "Although currently voluntary, the code is a step in the right direction to benefit all market participants.
Manu Choudhary, CEO at DMALINK, adds: "We are thrilled to officially launch the global code of conduct streams across our London and New York trading hubs.

DMALINK ® broadens invite for its global code of conduct order matching feature to select eFX market makers

LONDON, Nov. 7, 2022 /PRNewswire/ -- DMALINK, the EM-focused institutional FX ECN is expanding its global code of conduct LP member-base following a successful beta run in 2022.

The firm cemented its belief in the global code of conduct by publishing a statement of commitment on the CLS register in October 2022.

The decision to adhere to the code has been confirmed by a trial run with select counterparties.

Michael Siwek, Founding Partner and Global Head of Sales at DMALINK, said: "Although currently voluntary, the code is a step in the right direction to benefit all market participants. Metrics such as quote-to-order ratio is crucial to sophisticated clients."

The build-out of code-adhering market makers will be segmented into categories based on currencies and regions to match with client demand.

Manu Choudhary, CEO at DMALINK, adds: "We are thrilled to officially launch the global code of conduct streams across our London and New York trading hubs. We are always working to improve the liquidity provision for all platform participants and over the next twelve months, we plan to broaden the parameters used to establish prudent liquidity utilisation."

"The aim is to work with clients and market makers alike hosting regular workshops to jointly form a benchmark of healthy and sustainable eFX execution practices, which we hope will shape the future of potential enhanced regulation", concluded Ashwind Soonarane, COO of DMALINK.

For media inquiries, please contact:

Media Room, DMALINK
Tel: +44 (0) 20 7117 2517
Email: [email protected]

About DMALINK

DMALINK is a data-centric ECN for professional Foreign Exchange traders streaming anonymous and bilateral, proactively tailored, and sustainable pricing with a particular focus on Emerging Markets, Scandie crosses, and CE3. We serve industry leaders, including Banks, Funds, Corporates, and Proprietary Trading Firms, with a specific demand for sustainable liquidity access across non-G-7 pairs.

For further information, please visit dmalink.com

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