Offshore Renminbi Features As Top 5 Currency By Volume On ParFX*
ParFX, an FX trading platform set up to nullify disruptive high frequency trading, has announced that the CNH/USD currency pair has become one of the top five currency pairs on the platform by volume, less than 2 months after introducing the offshore Renminbi in September, 2015.
StanChart's Knight exits*†
When Knight took the e-trading helm at Standard Chartered, it was running its electronic trading through the products of various vendors. The bank later developed and maintained its own platforms, and it is now one of the 11 founding members of ParFX, the spot FX trading platform launched in April 2013.
HFT, Dark Pools and Spoofing in Hillary Clinton’s Crosshairs*
Dan Marcus, CEO of ParFX, the platform launched by 14 global banks specifically to combat disruptive trading behaviour, says Clinton’s approach is not new (a tax on financial transactions has been floated in Europe) and does not focus on the right issues.
Hillary Clinton HFT tax proposal - reaction from ParFX*
This week, US Democratic Presidential candidate Hillary Clinton proposed an idea of taxing high frequency transactions with excessive order cancellations that are deemed to enable abusive trading or could threaten to destabilise financial markets. In response, Dan Marcus, CEO of ParFX, the trading platform launched by 14 global banks specifically to combat disruptive trading behaviour, outlines his view on how regulatory authorities can tackle this issue.
HFT has a reputation problem*
Dan Marcus, CEO of ParFX, comments on Hilary Clinton’s proposal to tax high frequency transactions with excessive order cancellations that are deemed to enable abusive trading or could threaten to destabilise financial markets.
Challenger FX platforms make their pitch*†
Roger Rutherford, chief operating officer at ParFX, describes executable pricing as a key feature of his platform, adding that wider problems relating to best execution, including signal risk and price flashing, have been minimised because of features put in place to deter disruptive trading, such as randomization, transparency and free market data.
Removing the mask of anonymity*
The reform of prime brokerage trading in spot FX is well underway - and disclosed trading has emerged as a welcome alternative to how non-bank institutions trade spot foreign exchange, says Dan Marcus, CEO of ParFX.
Interest Grows In Offshore Renminbi Trading*
Dan Marcus, chief executive of ParFX, said in a statement that the Chinese currency is one of the fastest growing in the world although it is still in the early of stages of internationalisation. Trading volumes have grown since the introduction of spot trading in the offshore market in 2010 and renminbi trading centres have emerged in Hong Kong, London and Singapore.
RMB: ParFX offers USD/CNH trading*†
ParFX, the wholesale electronic trading platform designed by Tradition and owned by a consortium of 14 banks, has added offshore renminbi (CNH) to its stable of tradeable currencies, with USD/CNH having gone live in September.
FEMR a watershed moment for FX?*†
In the middle ground Dan Marcus says, "As far as last look is concerned, on ParFX and some other venues, what you see is what you get - firm, irrefutable prices that can be executed on a click and trade basis."