ParFX boosts currency offerings with offshore renminbi*
Roger Rutherford, COO of ParFX, added: "The addition of the offshore renminbi marks an exciting milestone in our expansion and will significantly strengthen our presence in Asia in particular."
ParFX adds offshore renminbi to currency offering*
"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 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.
P&L Talk Series with Campbell Adams*†
On the five-year anniversary of the launch of the FX Pure project, Profit & Loss talks to Campbell Adams, who founded the project and is now head of market at ParFX, about changing FX market behaviour and its impact on liquidity.
Tradition exec slams 'toxic' effect of market data costs *†
Dan Marcus, who is the global head of strategy and business development at interdealer broker Tradition and the chief executive of FX trading venue ParFX, said: "The distribution, cost and methods of accessing market data have become unnecessarily expensive and, in many cases, have fueled the rise of disruptive trading in spot foreign exchange."
EBS BrokerTec draws fire for unbundling and hiking fees*†
"Unfortunately, purchasing additional market data to buy an advantage – often at a cost of tens of thousands a month – has become a harsh modern reality of financial markets. It damages the ability of many firms to execute efficiently and creates a toxic trading environment for those with a genuine interest to trade," said Dan Marcus, chief executive of rival trading platform ParFX, which doesn't charge for market data.
A New Fast Lane for Traders Spurs Plan to Thwart Exploiters*
Dealers responded by setting up the ParFX foreign-exchange venue. Gil Mandelzis became CEO of EBS in 2012. In August 2013, the company introduced a speed bump, known as a latency floor, to reduce the attractiveness of speed as a trading strategy. ParFX has a similar feature on its venue.
TR Matching launches half-pip pricing in EUR/USD*†
The move to add an additional decimal option to EUR/USD comes shortly after rival platform ParFX launched decimalised pricing on its platform. But, while the fifth decimal could be any number on ParFX, Thomson Reuters will only allow half-pip granularity.
Renminbi unpegged: 10 years on*†
"Of the emerging market/developing currencies that have come to the fore in recent years - the renminbi, ruble, rupee, real, lira - the offshore renminbi is best placed to become a truly international currency," says Dan Marcus, chief executive of wholesale electronic trading platform ParFX.
ParFX Prime wins The Banker’s Trading Platform Project of the Year
ParFX Prime, the new prime brokerage service from wholesale global spot FX electronic trading platform ParFX, has been named Trading Platform Project of the Year by The Banker magazine.
This year’s achievement follows The Banker’s 2014 Awards, in which ParFX was named Technology Project of the Year. As an extension of ParFX, ParFX Prime enables buy-side institutions and small to medium sized banks to utilise the credit of...