Source prnewswire
DMALINK ® Onboards Commerzbank to Enhance the Electronic Trading Ecosystem
Commerzbank has been added to the Foreign Exchange Streaming Service provided by DMALINK, the EM focused institutional FX ECN.It is with great pleasure that DMALINK announces that Commerzbank has gone live and is now offering electronic transmissions of its price data. This strategic collaboration arrives at an opportune moment, bolstering efforts to extend cross-currency product support to select clients globally, supplementing existing USD-based currency pairs.In his statement, Michael Siwek, Founder and Chief Revenue Officer of DMALINK, said that when considering a market maker for our ecosystem, we strive to give our clients tangible value based on factors such as location, depth of book, quote, and many others. "As a result of our strategic alignment with these prerequisites, Commerzbank is enhancing liquidity within our ecosystem."Despite the fact that our asset classes are expanding, we remain committed to the integration of FX into our electronic trading platforms, serving clients who are seeking seamless execution across diverse currency pairs.It is a pleasure for us to be able to provide our liquidity to DMALINK, according to Tibor Gergely, Head of eFX Liquidity at Commerzbank. Using our data-driven approach to liquidity provision, Commerzbank is continuously improving the trading experience for our clients, and we strive to provide greater access via venues to help them run their day-to-day businesses."In addition to supporting T+0 settlements through its API and GUI services, as well as Voice, DMALINK is currently developing its foreign exchange trading services across spot. Commerzbank's addition is well timed and in line with the company's roadmap to cater to the needs of clients across the globe.According to Manu Choudhary, CEO of DMALINK, we are delighted to announce that Commerzbank has joined our team. Commerzbank was included by Commerzbank as a result of ongoing client demand, resulting in achieving our core objective of providing institutional FX liquidity based on data in a variety of trade sizes to any user of our platforms seeking efficient access to primary markets.In case of media enquiries, please contact the following persons:The Media Room at DMALINK can be reached at +44 (0) 20 7117 2517 or by e-mail at [email protected] The Commerzbank GroupThe Commerzbank Group is a leading bank for the German Mittelstand and a strong partner for more than 26,000 corporate client groups as well as almost 11 million private and small businesses across Germany.. A wide range of financial services are offered to both private and small-business clients as well as corporate clients in both of the Bank's Business Segments. It is estimated that Commerzbank transacts around 30% of all German foreign trade and is present internationally in more than 40 countries for the purposes of its corporate clients' business.. The Bank focuses on serving the needs of the German Mittelstand, large corporates, and institutional clients. Commerzbank, as part of its international business, supports clients with a business relationship to Germany, Austria, or Switzerland, and companies operating in selected future-oriented industries as part of its international business. As part of the Private and Small-Business Customer segment, the Bank is at the side of its customers with its brands Commerzbank and comdirect, as well as online, on mobile, in the advisory center, and in its local branches, to assist them.. The company's Polish subsidiary, mBank S.A., is. This innovative digital bank serves approximately 5 million customers around the world.Currently, the company has 7 million private and corporate customers in Poland, as well as in the Czech Republic and SlovakiaCurrently, the company has 7 million private and corporate customers in Poland, as well as in the Czech Republic and SlovakiaPlease visit the Commerzbank website for more information.DMALINK: What you need to knowWith particular focus on Emerging Markets, Scandie Crosses, and CE3 markets, DMALINK is a data-centric ECN for professional Foreign Exchange traders that streams anonymous and bilateral data as well as proactively tailored and sustainable pricing. Our company serves industry leaders, such as banks, funds, corporations, and proprietary trading firms who are seeking sustainable liquidity access across non-G-7 pairs as part of their ongoing business.Please visit dmalink.com for more information about this serviceDeFinity MARKETS - What we doAs an institutional digital asset exchange, DeFinity offers wholesale Cryptocurrencies as well as Central Bank Digital Currencies (CBDCs). In addition to supporting decentralised financial services for FX clearing, DeFinity is a layer-2 protocol with a focus on interoperability, utilizing blockchain frameworks such as Ethereum and Binance Smart Chain to ensure its interoperability.We invite you to visit our website at: definitymarkets.com for more information. 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