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DMALINK signs Danske Bank to boost Scandinavian eFX presence

By Gloria Methri

August 23, 2023

  • Cash and Liquidity Management
  • Danske Bank

DMALINK, FinTech, Electronic Trading, RegTech, UKDMALINK, the EM-focused institutional FX ECN is bolstering its Scandinavian currency presence. The firm revealed that Danske Bank has added DMALINK as a platform to provide custom Scandinavian eFX pricing to its buy-side clients.

The inclusion of Danske Bank in the DMALINK ecosystem will help s buy-side clients access top-tier specialized liquidity across Scandinavian currencies.

Michael Siwek, Founding Partner, and Global Head of Sales at DMALINK, said, “Scandinavian currencies such as DKK, NOK, and SEK are important to our clients’ portfolio. Users can access Danske Bank’s tailored pricing across pre-set liquidity pools, underpinned by advanced analytics.”

Thomas Djernis, Director eFX, Danske Bank, commented, “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, added, “We are thrilled to welcome Danske Bank to the platform. The move is motivated by buy-side demand, meeting our goal of streaming regional eFX prices to existing and future partners.”

“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,” concluded Ashwind Soonarane, CTO at the data-centric ECN.

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.

Danske Bank is one of the largest financial services providers in Denmark, and the Nordic countries, with more than 21,000 employees across Europe and the US. Danske Bank Large Corporates & Institutions (LC&I) has a long history in the financial industry, serving the complex needs of large corporate and institutional customers. It is among the preferred financial service providers for Nordic institutional and large corporate clients.

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