DMALINK Expands Its Global Code of Conduct Order Matching Feature with the Aim at eFX Market Makers

DMALINK, a provider of institutional FX trading services, announced recently the expansion of its global code of conduct order matching feature following a successful beta run in 2022.

The move aims at working with clients and market makers alike hosting regular workshops to jointly form a benchmark of healthy and sustainable eFX execution practices, so as to shape the future of potential enhanced regulation, according to Ashwind Soonarane, COO of DMALINK.

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To cater to client demand, the build-out of code-adhering market makers will be segmented into categories based on currencies and regions, according to the official press release.

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."

"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," Manu Choudhary, CEO at DMALINK, added.

Last year, Fazzaco reported that DMALINK has added Nomura​ to its platform with the aim to provide customised Asian eFX pricing to its buy-side platform participants in New York and London.