News & Events

19

Keep up to date with news from and about ParFX, as well as details of the industry events we are attending.

* Denotes an external link  † Denotes subscription required to access

ParFX – Best e-FX trading venue of the year

The call for fairness, equality and transparency from our founders is reflected in the FX Global Code and aligns strongly with our core values. ParFX is, without doubt, as relevant and differentiated now as it was then.

Read more

19 December 2017, LeapRate

Global Foreign Exchange Committee (GFXC) publishes revised last look guidance*

Roger Rutherford, Chief Operating Officer at ParFX, commented: We welcome the revised guidance by the GFXC relating to last look in FX. It is clear there is scope for misconduct to occur if trade information gained during the last look window is utilised by the liquidity provider to execute a trade, for example, or if the liquidity provider always intended to reject the trade in order to learn more about a counterparty’s position in the market. Such behaviour does not conform with the letter and spirit of the FX Global Code, and the revised language provides clear guidance in this respect.

6 December 2017, Euromoney

FX: Stemming the tide of rising data costs*†

ParFX chief operating officer Roger Rutherford describes market data fees in spot FX as one of the most opaque areas of trading, suggesting that many platform providers offer special deals to those with the deepest pockets and different cost packages that are dependent on customers’ style of trading or overall volumes traded.

29 November 2017

FX Week Europe

ParFX hosted the coffee breaks at FX Week Europe.

9 November 2017

P&L Singapore

ParFX hosted the coffee breaks at P&L Singapore.

8 November 2017, FX Week

GFXC hopes for Principle 17 decision on November 15*†

Of the 33 responses received by the GFXC, six were handed in anonymously, while others varied greatly in length – from ParFX’s half-page note to LMAX Exchange’s 15-page comment – but the majority recommended the removal of the word ‘likely’ or suggested a change to the wording, with further clarification of practices.

7 November 2017, FX-MM

Plugging the gap*†

As Roger Rutherford, COO of ParFX, explains, for a long time, tier one banks dominated the prime brokerage space and were a key source of credit for the non-bank trading community. However regulation, capital requirement and shrinking profit margins for banks resulted in the prime brokerage market undergoing enormous change in recent years.

1 November 2017

High-frequency trading shifts from speed back to strategy

Faced with diminishing marginal returns and exponential cost increases, electronic high-frequency trading firms that made their fortunes by focusing on low-latency trading strategies are now turning their attention to analytics and smarter trading initiatives in a drive to maintain their competitive advantage.

1 November 2017, Financial News

High-frequency traders shift from speed back to strategy*†

By Roger Rutherford, chief operating officer at ParFX: "There is a dawning realisation among all asset classes, including foreign exchange that a focus on speed is no longer enough to stay ahead of the game. Speed is progressively becoming a commodity and there has been a distinct shift away from simply looking for millisecond-advantages to utilising analytics to support smart, rather than just fast, trading decisions."

31 October 2017

Industry leaders attend ACI UK debate on FX Global Code and Last Look

By Roger Rutherford, COO at ParFX

The ACI-UK’s Square Mile Debates are always something to look forward to. The trade association for the UK’s foreign exchange (FX) industry regularly hosts high-profile speakers and has earned plaudits from members and non-members alike for facilitating debate on the key issues and topics at the forefront of the industry. 

20 October 2017, FX Week

Platform capacity issues raise liquidity concerns*†

“As last look window times have decreased, LPs may also need to react or reprice in a shorter timeframe, which could also mean increased price updates per second,” says Roger Rutherford, chief operating officer at ParFX. “Although we have seen an increase in market-making activity on our platform, which is normal for a growing venue like us, we have adequate capacity and ability to scale as the business requires,” he adds.

19

Contact us

To discuss how ParFX
can support your trading
needs, please e-mail
sales@parfx.com or call
+44 (0)20 7198 1575.