Forex Network Chicago
ParFX is a Silver Sponsor and hosted the coffee breaks at Forex Network Chicago.
Transparency of market data fees back in spotlight
By Dan Marcus,
The lack of transparency and rising cost of market data is a concern continually raised by participants across the spot FX market.
ParFX Reports Rising Revenue for 2017, Profits Spike*
One of the most dynamic spot FX trading platform providers in the industry, ParFX has filed its annual results with the UK Companies House. The firm is reporting that its clients base has continued growing throughout 2017.
Fx data: How disruptive are the disruptors?*
Market data packages are often unbundled and sold separately to improve profit margins, further increasing costs for trading institutions, says ParFX CEO, Dan Marcus. “There is a realization that institutions are paying vastly different amounts for the data they receive. Large institutions are negotiating better prices and cutting special deals based on how much they agree to trade on a particular venue, which means smaller institutions with lower trading volumes and less bargaining power are struggling to get value for money.”
TradeTech FX Europe
ParFX attended TradeTech FX Europe in Barcelona.
Interdealer broker rankings 2018: shuffling the pack*†
When this kind of uncertainty is piled onto the various pressures brokers already face, it’s not surprising there have been changes in Risk’s broker rankings this year. While Icap retained its position at the top of the overall rankings, its stablemate Tullett Prebon fell to fifth position – down from second in 2016 and third in 2017. Tradition, on the other hand, shot up to second on the back of improved performances in rates, and strong showings in equity and currencies.
Unfair Deals and Unbundled Costs – Will Market Data Fees Stop Rising?*
Speaking to Finance Magnates, Dan Marcus, Chief Executive Officer of spot FX trading platform ParFX, noted that unbundling was a major cause of increasing market data costs.
Market data providers must end fee disparities – ParFX*†
According to Dan Marcus, chief executive officer of Tradition-owned spot FX trading platform ParFX, it has “come to light that some institutions are paying vastly different amounts for the data" they receive.
Cassina and L’Huiller Join Board of Trading Software Consultancy*
During his extensive career at Tradition, L’Huillier implemented its first electronic trading platform for the EURO IRS business Trad-X in May 2011. In April 2013 he was also instrumental in the deployment of the company’s first spot FX electronic platform, ParFX.
Exclusive: ParFX CEO – FX Industry Can Work Together for Ethical Reform*
Keeping a close eye on the proceedings was Dan Marcus, CEO of ParFX, a spot FX trading platform which shares much in common with the FX Global Code. ParFX was developed by a group of the largest FX trading institutions in the world, which had become frustrated with the deteriorating trading environment on public spot FX trading venues and wanted to reintroduce fair, equal and transparent behaviour to their day-to-day trading activities. This week, Finance Magnates spoke to Marcus about the outcomes of the GFXC’s annual meeting, the future of the organisation and ParFX’s plans for the future.