ICE speed bump: the road to data-driven decisions*†
However, speed bumps are not a novel concept, and are not uncommon in spot FX markets like ParFX, Thomson Reuters Matching, and EBS Market, and in cash equities markets like TSX Alpha and IEX.
ParFX - Bringing increased fairness, equality and transparency to the FX market*
Since ParFX’s inception in 2013, the company has been at the forefront of efforts to bring about change to the industry. It played a role in the development of the FX Global Code through its participation in ACI’s foreign exchange committee and was one of the first to sign up. e-Forex spoke to Roger Rutherford, Chief Operating Officer at ParFX, to discover more about the unique aspects of the platform and business model, and the steps it will be taking to continue its mission of improving trading behaviour in the FX market.
ICE speed bump: the road to data-driven decisions*†
However, speed bumps are not a novel concept, and are not uncommon in spot FX markets like ParFX, Thomson Reuters Matching, and EBS Market, and in cash equities markets like TSX Alpha and IEX.
Trading Behavior Trumps Speed Bumps*
Roger Rutherford, COO of ParFX, which introduced a randomized matching pause several years ago on its platform, noted there has been what he says is a “dramatic rise” in speed-based trading over the past decade and that by removing speed as a key factor of success, there is a renewed focus on trading behavior, with greater quality and certainty of execution.
Panel discussion on execution styles make an impact at Forex Network London
By Rob Parr, Head of Business Development at ParFX
A relatively casual start time of 8am was nothing unusual for the attendees of Forex Network London 2019.
Forex Network London
ParFX is a silver sponsor and hosted the coffee breaks at Forex Network London.
Trading Behavior Trumps Speed Bumps*†
Roger Rutherford, COO of ParFX, which introduced a randomized matching pause several years ago on its platform, noted there has been what he says is a “dramatic rise” in speed-based trading over the past decade and that by removing speed as a key factor of success, there is a renewed focus on trading behaviour, with greater quality and certainty of execution.
Trading Firms Cry “Last Look” in the Futures Market*
XTX even argues that the ICE proposal is not a novel one, and says that it is part of a growing trend of similar mechanisms that other platforms have introduced to protect market makers from latency arbitrage strategies, citing 12 different examples – including Eurex, EBS Market, Thomson Reuters (now Refinitv) Matching, ParFX and Moscow Exchange that have all introduced such mechanisms for their FX markets.
ParFX Plans Push into Derivatives*†
ParFX is exploring an expansion into currency derivatives, eyeing the opportunity to bring the principles behind its wholesale electronic spot foreign exchange platform to a growing segment of the market.
ParFX takes first step for moving into NDFs*†
ParFX is exploring an expansion into non-deliverable forwards, eyeing the opportunity to bring the principles behind its wholesale electronic spot foreign exchange platform to a growing segment of the market.