ParFX named ‘Best e-FX Trading Venue’ at FX Week e-FX Awards
ParFX, the wholesale electronic spot FX trading platform, has been named ‘Best e-FX Trading Venue’ at an award ceremony in New York.
Awards: ParFX*
ParFX introduced a completely new concept to the market when it launched five years ago, to thwart the efforts of high-frequency trading firms gaining an advantage by using technology and ultra low-latency trading – randomisation. This year, ParFX has been voted Best e-FX Trading Venue of the Year at the 2018 FX Week e-FX Awards – its second win since the venue launched. “We’re flattered to a certain degree that a number of platforms have tried to change direction in an attempt to emulate our pure principles,” says Roger Rutherford, chief operating officer of ParFX. “It validates what we’ve been trying to do.”
15th annual e-FX Awards winners*†
Following a long and exhausting run-up to Mifid II, FX market participants have gone to work again. The level of innovation and momentum in the market is building as the industry dares to look beyond the current state of play, and moves to make processes more efficient and more transparent. Best e-FX Trading Venue – ParFX.
Awards: Saxo Bank*
“What sets us apart from other prime-of-primes is that we’re completely un-conflicted with our clients,” he says. Instead, the bank provides true and direct market access to about two dozen bank and non-bank liquidity providers, and nine trading venues, with ParFX the most recent addition.
ParFX welcomes GFXC’s new leadership team
By Roger Rutherford, COO of ParFX
Last week, the highly anticipated Global Foreign Exchange Committee (GFXC) meeting in Johannesburg, South Africa took place.
FX: MTFs still reluctant to move even as Brexit approaches*
ParFX chief operating officer Roger Rutherford says the firm has no plans to move operations, staff or its matching engine away from London at this time. “As it stands, London accounts for almost 40% of all currency trading, so it makes business sense for us to remain here,” he says.
Machine learning could offer more “edge” than HFT – expert – FOW*†
Meanwhile experts at Tradition said that high speed trading continues to pose an ethical debate about whether markets are fair, but the FX Global Code is a key development.
FX goes crypto in NYC
By Rob Parr, Head of Business Development at ParFX
So, on to New York for the Forex Network travelling show of panellists, delegates and moderators.
FX Industry Pauses for Reflection as Global Code Adoption Gathers Momentum*†
May 25 marked the first of anniversary of the FX Global Code, which aims to instil fairness, transparency and equality in day-to-day market practices. The industry has made good progress to date, but the next few months will be crucial to maintaining momentum.