Dan Marcus

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Dan Marcus

Chief Executive Officer

CEO Dan Marcus is responsible for developing and implementing high-level strategies and managing the overall operations and resources of ParFX.

Based in London, Dan is leading the charge to deliver a fair and transparent FX marketplace that offers a level playing field for all participants, while eradicating disruptive trading behaviour.

Dan is also Global Head of Strategy and Business Development for ParFX’s parent company Tradition, where he is responsible for the development and implementation of strategic initiatives on a global basis, including regulatory strategy, electronic trading and market data. He is also Co-Head of Tradition UK, and CEO of Trad-X, Tradition's hybrid trading platform for OTC derivatives and other financial instruments. Trad-X enables clients to trade interest rate swaps and offers a flexible execution methodology utilising hybrid, voice and electronic capabilities and the provision of functionality that meets the demands of today's market.

Dan is a qualified solicitor and was General Counsel at Tradition before moving into his business role. He was previously Senior Counsel at The London Stock Exchange, where he was responsible for regulatory, IT, corporate and commercial legal work. Prior to that, he was a mergers and acquisition/private equity lawyer at city law firm Nabarro.

Related links

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  • 11 February 2019, FOW MEMX: a wake-up call for other markets – ParFX*†

    According to Roger Rutherford, chief operating officer at spot FX platform ParFX, the newly formed Members Exchange (Memx) is a prime example that institutions which are disillusioned with existing services can take matters into their own hands.

  • 4 January 2019, FOW FX market vulnerabilities persist despite good progress – ParFX*†

    “It’s clear that market participants still have some key concerns relating to disclosures, behaviour in anonymous trading environments, and a lack of trading transparency," Roger Rutherford, chief operating officer of Tradition-owned FX trading platform ParFX, said.

  • 17 December 2018, Risk.net A buy-side swaps order book – with a difference*†

    According to Trad-X’s Marcus, the decision to maintain name give-up was about adhering to existing market norms. The practice aligns with the broker’s foreign exchange spot trading platform, ParFX, where it is supposed to reduce the risk of gaming by high-frequency trading firms. In the high-volume, low-value forex market, dealers were worried such firms might post aggressive prices on a Clob to generate more favourable pricing via RFQ. In the swaps market, that argument is harder to make.

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