ParFX will be hosting the coffee breaks at FX Week Europe.
ParFX will be hosting the coffee breaks at P&L Scandinavia.
ParFX is a Silver Sponsor and will host the coffee breaks at Forex Network Chicago.
ParFX will be attending TradeTech FX Europe in Barcelona.
ParFX will be hosting the coffee breaks at FX Week USA.
ParFX is a Silver Sponsor and will host the coffee breaks at Forex Network New York.
According to Dan Marcus, global head of strategy at inter-dealer broker Tradition, some participants continue to benefit from operating with the highest frequencies and connectivity, fastest matching engines, and asymmetric access to data. “As the FX markets evolved, it became apparent that for some trading institutions, it was all about speed and having strategies that relied on speed,” Roger Rutherford, chief operating officer of Tradition’s spot FX trading platform, ParFX told FOW.
Leading foreign exchange players have until May 25 to sign up to a code of conduct designed to purge the $5 trillion-a-day market of abuse, amid suggestions some banks could curtail bonuses for those who deviate from its principles. It is up to individual businesses whether they sign up, but the penalty for not doing so "is likely to be that you get less business in the future," said Roger Rutherford, chief operating officer of ParFX, a currency-trading platform.
That is the view of ParFX chief operating officer Roger Rutherford, who reckons randomized matching technology has proven itself to be an effective mechanism for deterring disruptive trading behaviour in the FX market.
Roger Rutherford, chief operating officer at ParFX, welcomes the IA’s initiative and says: “The asset management community clearly has concerns around Last Look. The IA has listened to the debate and discussions following the publication of the ‘FX Global Code’. Its position paper on Last Look provides clear guidance on when and how Last Look should be used, advocating greater transparency.”