1. M-DAQ is an innovative and unique solution, providing a platform to price and trade any exchange-traded products in more than one currency by blending ‘executable’ FX rates into equities and futures products.
2. Investors can make trading decisions based on both stock prices (Quoted in LCY) and executable LCY-cross FX rates, which will open gates for overseas investors who aspires to participate in a non domestic stock market
3. Stock Exchanges can diversify their investor base and attract new secondary listings in their time zone
4. Product Positioning: Fund Managers (Convenience), Algo Hedge Funds (Speed), Retail Investors (Price)
5. Moves from a post trade to a pre trade model

The graph belows illustrate the pre and post M-DAQ era where the buying or selling signals as well as the "buy low" and "sell high" points are vastly difference when viewed from your respective investment currency. Although these graphs uses a time period of one year, the same can be observed for all other time intervals including intra-day and for all currencies.

* The Post M-DAQ graph do not yet exist today in any of the world-wide exchanges

Pre M-DAQ era

1. All exchanges currently offers stock quotes in LCY only.
2. FCY based investors have limited direct access to LCY-quoted products
3. Overseas investors often trade with unknown/inaccurate/high FX conversion cost. This discourages investors especially in recent environment of high FX volatility.

Post M-DAQ era

1. Panel of Liquidity Providers (LP) streams real-time executable FX rates
2. Exchange blends these rates into stock prices and quotes in multiple currencies at customers’ choice. E.g. USD, EUR, GBP, HKD, AUD, JPY
3. This eliminates profit erosion due to uncertainty in FX rates known to customers at the trading
4. M-DAQ solution reduces FX costs further by eliminating spreads charged by layers of intermediaries such as brokers and custodians. Instead, all investors regardless of profile or trade size, can benefit from a single multibank FX wholesale price.