EBS BrokerTec draws fire for unbundling and hiking fees*†
"Unfortunately, purchasing additional market data to buy an advantage – often at a cost of tens of thousands a month – has become a harsh modern reality of financial markets. It damages the ability of many firms to execute efficiently and creates a toxic trading environment for those with a genuine interest to trade," said Dan Marcus, chief executive of rival trading platform ParFX, which doesn't charge for market data.
Renminbi unpegged: 10 years on*†
"Of the emerging market/developing currencies that have come to the fore in recent years - the renminbi, ruble, rupee, real, lira - the offshore renminbi is best placed to become a truly international currency," says Dan Marcus, chief executive of wholesale electronic trading platform ParFX.
ParFX Prime wins The Banker’s Trading Platform Project of the Year
ParFX Prime, the new prime brokerage service from wholesale global spot FX electronic trading platform ParFX, has been named Trading Platform Project of the Year by The Banker magazine.
This year’s achievement follows The Banker’s 2014 Awards, in which ParFX was named Technology Project of the Year. As an extension of ParFX, ParFX Prime enables buy-side institutions and small to medium sized banks to utilise the credit of...
ParFX Prime wins The Banker’s Trading Platform Project of the Year*
ParFX Prime, the new prime brokerage service from wholesale global spot FX electronic trading platform ParFX, has been named Trading Platform Project of the Year by The Banker magazine.
The Rise Of The Yuan Continues: LME To Accept Renminbi As Collateral*
The following quote is from Dan Marcus, CEO of London-based currency trading platform ParFX who spoke to WSJ: "The rise of China’s currency on global markets is arguably the most significant development in currency trading since the introduction of the euro in 1999."
China’s Yuan Pushes Deeper Into Global Financial System*†
"The role of the renminbi in foreign exchange trading and cross-border payments has surged," said Dan Marcus, CEO of London-based currency trading platform ParFX. The rise of China’s currency on global markets "is arguably the most significant development in currency trading since the introduction of the euro in 1999. Ten years from now, it will be challenging the top major currencies."
U.K. to Unveil Financial Market Reforms*†
"While last look isn’t bad per se, it is contrary with this principle of stable and firm pricing, and potentially leaves the door open for disruptive trading practices to occur," said Dan Marcus, chief executive at trading platform ParFX.
Euromoney FX Survey Says E-Trading Outshines Voice For First Time*
Dan Marcus, chief executive at ParFX, said that the results show little change in relation to the market share of the industry's largest players, but it does highlight the continued dominance of technology and electronic trading to facilitate cross border trades.
ParFX’s CEO, COO Outline FX Market and Platform Transparency*
ParFX’s CEO Dan Marcus and COO Roger Rutherford discuss the FX industry playing field, as well as the need for market transparency.
On the Record: Bringing Parity to FX Data in an Age of High-Frequency Trading*†
ParFX - the electronic spot foreign exchange marketplace owned by interdealer broker Tradition - offers features designed to protect data consumers from the speed and cost disparities of high-frequency trading, says ParFX chief executive Dan Marcus.