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.
The Rise Of The Yuan Continues: LME To Accept Renminbi As Collateral*
The following quote is from Dan Marcus, CEO of London-based currency trading platform ParFX who spoke to WSJ: "The rise of China’s currency on global markets is arguably the most significant development in currency trading since the introduction of the euro in 1999."
China’s Yuan Pushes Deeper Into Global Financial System*†
"The role of the renminbi in foreign exchange trading and cross-border payments has surged," said Dan Marcus, CEO of London-based currency trading platform ParFX. The rise of China’s currency on global markets "is arguably the most significant development in currency trading since the introduction of the euro in 1999. Ten years from now, it will be challenging the top major currencies."
Platform Comparison*
"Our model is differentiated from that of our peers and is more relevant than ever in the current market environment. ParFX the only major spot platform to offer full post-trade transparency, and treating all participants equally without exception is central to our ethos."
ParFX to introduce decimalised pricing*†
ParFX is introducing decimalisation on its trading platform in selected currency pairs and adding USD/CNH to its universe of currencies - the first non-CLS settled currency that clients will be able to trade on the venue.
Currenex to Launch London Matching Engine and Move to NY6 in US*
EBS and Thomson Reuters have matching engines in London, Fastmatch launched a London matching engine in 2013 and has recently announced an expansion of its sales team there, Hotspot announced earlier this year that it plans to launch a London matching engine in September, LMAX Exchange and ParFX are already in Equinix London data centres and Integral plans to launch a matching engine in London as part of its Open Currency Exchange (OCX).
FX Week USA
ParFX hosted the coffee breaks at FX Week USA.
Forex platforms seek new ways to curb last look abuse*†
While the debate around how platforms keep abusive LPs at bay continues, many FX platforms do not operate last look at all. EBS Market, LMAX Exchange, ParFX and Thomson Reuters Matching are some of the venues that do not offer a last look function.
Financial industry cheers outcome of UK markets review*†
Dan Marcus, chief executive of trading platform ParFX, welcomes the result of extensive industry consultations and recognises regulators and market participants can work together to pursue higher standards of conduct.
e-FX Awards short list 2015*
- e-FX initiative of the year:
EBS Direct
MFX Compass
NewChangeFX
ParFX Prime
Saxo Bank
- Best professional e-trading venue
360 Trading Networks
EBS Market
FXConnect
FXSpotStream
GTX
Hotspot
ParFX
Thomson Reuters