OTC Exchange Network Announces that DMALINK has Joined their Early Adopter Program OTC Exchange Network Announces that DMALINK has Joined their Early Adopter Program

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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.

OTC Exchange Network 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.

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

About Richard Kastelein

Founder of industry publication Blockchain News, partner at ICO services collective CryptoAsset Design Group (helped raise over $200m+), director of education company Blockchain Partners (Oracle Partner) and ICO event organiser at leading industry event  CryptoFinancing (first ICO event in Europe) – Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of half a dozen Blockchain startups and has written over 1200 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat.
 
Kastelein has spoken (keynotes & panels) on Blockchain technology in Amsterdam, Antwerp, Barcelona, Beijing, Brussels, Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki, London, Manchester, Minsk, Nairobi, Nanchang, San Mateo, Shanghai,Tel Aviv and Venice. His network is global and extensive.
 
He is a Canadian (Dutch/Irish/English/Métis) whose writing career has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe. He’s written occasionally for Harvard Business Review, Wired, Venturebeat, The Guardian and Virgin.com and his work and ideas have been translated into Dutch, Greek, Polish, German and French.
 
A journalist by trade, an entrepreneur and adventurer at heart, Kastelein’s professional career has ranged from political publishing to TV technology, boatbuilding to judging startups, skippering yachts to marketing and more as he’s travelled for nearly 30 years as a Canadian expatriate living around the world.
 
In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, “The Hitchhiker’s Guide to the Seas’ travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, Netherlands where he’s raising three teenage daughters with his wife and sailing partner, Wieke Beenen.

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