October 1st Brings New Data Fees from EBS, and Debate About Trading Costs*
ParFX has been specifically vocal about the benefits of randomization, with Dan Marcus, CEO of ParFX, stating to Finance Magnates, "When combined with a randomized pause of 10-30 milliseconds in an electronic trading environment, ParFX is able to nullify strategies reliant on extreme latency, while offering an efficient trading venue where speed or technological sophistication isn’t a critical factor."
ParFX Releases Free Offshore Renminbi Data*†
ParFX, the electronic spot foreign exchange marketplace owned by interdealer broker Tradition, has made market data on the offshore renminbi (CNH) available to traders, after launching the currency on its trading platform earlier this month.
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ParFX boosts currency offering with addition of offshore renminbi
ParFX, the wholesale electronic trading platform, today announced the addition of the offshore renminbi (CNH) as it expands the number of tradeable currencies offered on the platform.
The USD/CNH pair went live on 14 September 2015 following extensive testing, and is a result of global demand from ParFX’s founder banks and customer base, which has expanded significantly since the platform’s inception in June 2013.
ParFX adds renminbi to traded currencies *†
Dan Marcus, chief executive of ParFX, said: "As demand for the offshore renminbi continues to grow, our founders and customers recognised the need to trade the renminbi in an environment where there is genuine trading interest and liquidity, and not let it become another tool for disruptive traders."
ParFX adds offshore renminbi*†
"When you look at the way the market has grown in the offshore renminbi, there is a strong desire in every region around the world - regardless of buy side or sell side - to have a market of fairness and equality across all currency pairs, and that is the underlining ethos of ParFX," says Roger Rutherford, chief operating officer at ParFX."
ParFX Adds Offshore Renminbi*†
ParFX has added offshore renminbi (CNH) as it expands the number of tradeable currencies offered on the platform.
ParFX Adds Offshore Renminbi Trading After Increasing Demand *
Commenting on the announcement the CEO of ParFX, Dan Marcus stated, "The Chinese currency is one of the fastest growing in the world, but is still in the early of stages of its internationalisation."
ParFX boosts currency offering with addition of offshore renminbi *
"We founded ParFX for this very reason; its concept is rooted in transparency and the platform has already proven to be a strong deterrent against disruptive trading behaviour. For this reason, we are delighted introduce the offshore renminbi to the ParFX trading community."
ParFX adds CNH to currency offering*
The addition of offshore renminbi to the lineup marks another milestone in ParFX’s expansion and reiterates the importance of the Asian market.