FX: Time for a (foreign ex)change*†
ParFX is another new platform that does not allow last look. Swiss interdealer broker Tradition launched it in 2013 to address disruptive trading behaviour that was deemed to dent both the efficiency of the FX market and confidence in that market.
Why FX needs better policy synchronisation and trading transparency*
Dan Marcus: "The spot FX market has a history of evolving and introducing innovative trading practices that improve the way participants trade, and this is equally the case with ParFX."
Compagnie Financière Tradition Bottom Line up 82%, Dividend Adjusted*
One off costs and cost cutting efforts at Compagnie Financière Tradition have led to better margins for the Swiss company focused on its electronic trading platforms, Trad-X and ParFX, making the firm increase dividends.
Compagnie Financière Tradition : Revenue of CHF 837.5m; better trend than the IDB sector*
Tradition's industry award-winning platforms, Trad-X and ParFX, are at the core of its electronic strategy.
'Last look' proves divisive - ACI and ParFX commentary*
Last look FX execution: Marshall Bailey of ACI and Dan Marcus of ParFX discuss*
Dan Marcus, CEO of ParFX comments: "Last look is still used as a form of execution by some participants, but there seems to be a misconception that there is a significant time lag between when a trade was entered into a trading system and when it was executed thereby leading to routine abusive behaviours.
ParFX eyes further growth as it nears third year*†
Nearly two years on from its launch, spot foreignexchange trading platform ParFX remains focused on onboarding new bank and nonbank clients as it continues to compete for market share with incumbent platforms.
What Next for the IDB Industry?*†
Tradition has also launched new ventures of note, rolling out ParFX, its electronic spot FX platform and Trad-X, its hybrid OTC derivatives platform in 2013.
Removing the Mask of Anonymity in FX Prime Brokerage Trading*†
Prime brokerage trading has proven to be revolutionary for the growth of spot FX. But the model has allowed a small minority of participants to hide their identities and engage in a range of disruptive trading behaviors. Showing counterparty names posttrade in spot FX enhances transparency, genuine liquidity and trading relationships, encouraging responsible trading behavior.
ParFX Grows Volumes In Spot Market*
Dan Marcus, chief executive of ParFX, said the wholesale spot foreign exchange electronic trading platform is increasing volumes on a daily basis thanks to a model which includes randomised delays to orders.