BIS triennial FX survey shows fall in turnover*
With the focus briefly on Asia, Dan Marcus, CEO of ParFX, notes that: “Perhaps unsurprisingly, the data shows that Chinese renminbi has become the most actively traded emerging market currency, overtaking the Mexican peso to become the eighth top-traded currency in the world. With demand set to continue growing, it became clear to us that trading the renminbi in an environment of genuine interest and firm liquidity is a paramount factor for market participants when deciding where to trade.”
Currency Market Shrugs Off Threats to Stay Above $5 Trillion*
“One of the foreign-exchange market’s best qualities is its ability continuously to adapt and stay relevant in light of changing market and regulatory conditions,” Dan Marcus, London-based chief executive officer of Cie. Financiere Tradition SA’s ParFX platform, said before the BIS report was released.
Currency Trading Down for the First Time Since 2001*†
“With demand for the offshore renminbi set to continue growing, it became clear to us that trading the renminbi in an environment of genuine interest,” said Dan Marcus, chief executive of ParFX,a wholesale trading platform.
Insurance companies, pension funds dominate currency trading: BIS*
"It is also important to note that one of the biggest game-changers in recent years has been the rise in non-bank market-makers in the FX market, significantly altering market structure as we know it," said Dan Marcus, CEO of ParFX, an electronic trading platform.
Insurance companies, pension funds dominate currency trading: BIS*
"It is also important to note that one of the biggest game-changers in recent years has been the rise in non-bank market-makers in the FX market, significantly altering market structure as we know it," said Dan Marcus, CEO of ParFX, an electronic trading platform.
Currency Platform ParFX Prepare for Volatile Markets*
"This is where ParFX has a unique advantage. Our platform was developed in conjunction with some of the largest market participants, and the stability and firmness of prices that participants see on ParFX and the ability to execute on these prices is one of the platform’s primary principles."
FX Market Participants Braced for High Volatility Following Referendum*†
Meanwhile, Dan Marcus, CEO of ParFX, warns that the Brexit vote could prove to be a major test for some FX market participants, and an opportunity to see if the industry has learnt any major lessons from the volatility witnessed when the SNB pulled its peg from the euro.
London Markets Are Bracing for Brexit-Fueled Trading Bonanza*
Electronic-trading platform ParFX says the currency venue will have extra trading and IT staff available if needed, and has been in regular contact with customers in the run-up to the vote. "Market participants are now better prepared for an explosion of volatility and are likely to err on the side of caution in the face of significantly higher trading activity following the EU referendum vote," said CEO Dan Marcus.
FX Players React To Code Of Conduct Proposal*
ParFX joined in the praise, too. Its CEO, Dan Marcus, said the code of ethics is aligned with industry need and "represents a significant milestone for the FX market."
Finserv Firms Express Support for Global Code of Conduct for FX Market*†
Dan Marcus, CEO of ParFX, commented: "The publication of the first phase of the single, globally applicable Code of Conduct by the Bank for International Settlement (BIS), represents a significant milestone for the FX market."