The move was made with demand from the buy-side clients of the company.
DMALINK has onboarded Nomura as a platform with an aim of providing customized Asian eFX pricing to its buy-side platform participants in New York and London. The company has plans to add Singapore-based participants as well in the first quarter of 2021.
DMALINK provides an independent electronic trading venue and liquidity access for professional FX traders. It specifically focuses on emerging currencies.
Announced on Thursday, the addition of Nomura to DMALINK will provide suitable pricing pools access to ‘selected users’ during the Asian hours.
“Asian crosses form an ever-growing part in our clients‘ execution,” Michael Siwek, Founding Partner and Global Head of Sales at DMALINK, said in a statement. “Participants can transact any trade size through NetLink across CLS and non-CLS pairs. Users can access Nomura specific pricing across various specialized pricing pools, coupled with in-depth reporting to cater to a high level of competitiveness in today’s FX landscape.”
Demand from Client Base
Additionally, the company detailed that it is heavily developing and deploying deep analytics to improve clients trade execution experience.
The platform recently announced that it will use Traianas NetLink to aggregate trades on its New York and London platforms, which will reduce the additional costs to its institutional clients.
“Nomura is excited to be providing our liquidity to DMALINK,” said Ian Daniels, Head of eFX Distribution of EMEA at Nomura. “Our footprint in Asia aligns us well to DMALINK, which is primarily focused within the Emerging Markets. We look forward to contributing to DMALINKs Asian eFX business.”
DMALINK CEO, Manu Choudhary added: “The addition is driven by buy-side participant demand, achieving our core objective of providing data-driven regional institutional eFX services to existing and future collaborators.”