In the News

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Read the latest news and views from the heart of the FX market.

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HFT - speed or strategy?

The constant need to invest in faster trading infrastructure adds significantly to the cost of trading, creating a distinct difference between the ‘haves’ and ‘have nots’.

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7 October 2019, Oman Observer

UK defies Brexit and tightens grip on global trading*

The chief executive of foreign exchange trading venue ParFX, Dan Marcus, said that this was “testament to London’s long-standing global trading relationships, concentration of counterparties and continued investment in technologies.”

3 October 2019, Bloomberg

Vanguard to Challenge Banks’ Grip on $6 Trillion Currency Market*

“Direct trading really is the Holy Grail for the buy-side,” said Campbell Adams, a former senior currency trader at Deutsche Bank who founded a platform called ParFX in partnership with banks including Citigroup Inc. and JPMorgan.

3 October 2019, FX Week

JP Morgan traded $250 billion via NDF algos this year*†

The ParFX trading venue, meanwhile, has been mulling an expansion in the space, and Deutsche-Börse-owned marketplace 360TGTX is moving to unveil the kind of streaming technology that would help bank algorithms enter the NDF market.

19 September 2019, The Sun

London is trade no 1*

Dan Marcus, of foreign exchange trading platform ParFX, said: “This is testament to London’s long-standing global trading relationships.”

18 September 2019, The Times

London cashes in on foreign exchange despite Brexit*†

Dan Marcus, chief executive of ParFX, a foreign exchange trading platform, said: “This is testament to London's longstanding global trading relationship, concentration of counterparties and continued investment in technology”.

18 September 2019, Legal Gambling and the Law

London Shows The Way As Global Daily FX Trading Reaches Highs*

In a statement, Dan Marcus, CEO of ParFX, said “This is testament to London’s long-standing global trading relationships, concentration of counterparties and continued investment in technology infrastructue. From a foreign exchange perspective, there is no doubt that London remains a global center of excellence.”

18 September 2019, Latest Talks

Global daily forex trading surges to $6.6 trillion, London biggest hub*

“This is testament to London’s long-standing global trading relationships, concentration of counterparties and continued investment in technology infrastructure,” said Dan Marcus, CEO of ParFX, an electronic spot FX trading platform.

17 September 2019, FOW

BIS triennial OTC survey round-up*†

“This all comes against a backdrop of major upheaval and change in the FX market. The launch of MiFID II and the FX Global Code has placed a renewed focus on transparency and execution quality. At the same time, there has been a large increase in activity from non-bank counterparties trading through their prime brokers." Dan Marcus, CEO of ParFX

17 September 2019, The Trade

London retains top share of $6.6 trillion global currency markets amid US decline*

“While New York’s overall market share as a trading hub has slipped, London has increased and reinforced its position the world’s pre-eminent FX hub,” chief executive of interdealer broker ParFX, Dan Marcus, commented on the results.

17 September 2019, Malay Mail

Global daily FX trading at record US$6.6t as London extends lead*

“This is testament to London’s long-standing global trading relationships, concentration of counterparties and continued investment in technology infrastructure,” said Dan Marcus, CEO of ParFX, an electronic spot FX trading platform.

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