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#Blockchain News: OTC Exchange Network Announces that DMALINK has Joined their Early Adopter Program; @OTCXN

 

San Francisco, CA - November 13, 2017 (Investorideas.com newswire) OTC Exchange Network ("OTCXN"), an institutional trading network and technology provider focused on using blockchain technologies to re-engineer and solve the biggest problems in the largest markets in the world, including the FX and Cryptocurrency markets, is announcing that DMALINK, a London-based independent electronic trading venue for professional foreign exchange traders, has joined OTCXN's Early Adopter Program as a liquidity provider.

DMALINK provides deep liquidity access in the FX Spot market with particular focus on emerging currencies. Clients further benefit from custom pricing access across majors, minors and precious metals.

Rosario M. Ingargiola, CEO of OTCXN said, "We are very excited to add DMALINK to our growing list of early adopters, which represent leading firms spanning all types of FX market participants."

Michael Siwek, Founding Partner and Global Head of Sales at DMALINK, commented: "We are delighted to announce our collaboration with OTCXN. Their Early Adopter Program will enable us to materially impact and shape the dynamics and functionality of the OTCXN ecosystem for the benefit of buy and sell-side FX market participants. Their business model comes at a time of dire need, bridging a credit gap through technology, thereby enabling counterparties to trade with each other who may not traditionally have access to well suited and appropriate clearing services. DMALINK's ECN ecosystem powered by OTCXN clearing services enables those participants to transact efficiently. This is an important step towards achieving our strategic objectives of delivering superior global institutional eFX services to existing and future DMALINK clients."

"OTCXN's approach is innovative, refreshing, and sustainable. It perfectly addresses fundamental issues relating to scalability, time-to-market, pre-trade, post-trade, counterparty risk and clearing within a fragmented credit intermediation space. DMALINK is excited to be at the forefront of, and collaborate on this technology as part of its aggressive growth plans within markets underserved by traditional Prime Brokers," adds Ashwind Soonarane, Managing Partner and Global Head of Liquidity Management at DMALINK.

"DMALINK is a prime example of an ECN who will benefit from being able to directly onboard and face clients who can't secure Prime Broker credit, with no credit intermediary and no counterparty risk. We are using proprietary blockchain technologies to give the entire market access to the best liquidity with end-to-end provability across the entire transaction lifecycle," said Ingargiola.

About OTCXN

OTC Exchange Network ("OTCXN") solves the biggest problems in the largest markets using proprietary blockchain technologies developed from the ground-up for high-performance enterprise applications. OTCXN reduces risk, cost, friction, and eliminates the need for traditional intermediaries by democratizing market access through the first and only P2P network with a provable trade-to-settlement lifecycle for institutional trading. For more information, visit www.otcxn.com or follow us on Twitter: @OTCXN.

About DMALINK

DMALINK Limited is a bank-independent privately held London based electronic price discovery and execution venue for professional Foreign Exchange traders offering access to anonymous, proactively tailored and sustainable FX liquidity pools with particular focus on emerging markets. Counterparties include industry leading institutions such as Banks, Funds, HFT's and Proprietary Trading Firms from across the globe. An expansive understanding of the FX market and its dynamics provide distinct benefit to buy and sell-side participants; directly influencing the quality of trade execution through consistent increase and consequent maintenance of optimal fill rates and price. The firm's highly tailored offering combines exceptional FX liquidity management expertise, deeply rooted industry knowledge, and a refreshingly creative boutique approach to sustainable Foreign Exchange trading services to benefit its global participants. www.dmalink.com

Press and Analyst Contact:

OTC Exchange Network

Lawrence Litzky

Head of Communications & Events

+1 415 636-9041

larry@otcxn.com

DMALINK

Media and Press Division

+44 (0) 20 7117 2517

media@dmalink.com


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Additional info regarding BC Residents and global Investors: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country.


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