In the News

1

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

* Denotes an external link  † Denotes subscription required to access

On the FX Global Code

One can imagine that institutions that don’t sign up risk losing out on business. Several central banks [have said] they would only maintain counterparty relationships with firms that commit to the Code. 

Read more

11 December 2018, Fund Technology and WSL Awards 2019

Shortlist 2019*

Best trading platform overall: Envision Financial Systems, MarketsFlow, MIAX Options, ParFX, Tethys Technology, TraditionSEF, Interactive Brokers, Wolverine Execution Services.

29 November 2018, e-Forex

Laying the foundations FX takes steps to secure its future*

“The ongoing work is ensuring that the price provider is more open and transparent towards the client and they document it in a way that shows you exactly how they’ll treat you. So, being more open and transparent is an enormous first step,” comments Roger Rutherford chief operating officer at ParFX.

6 November 2018, FOW

Market data fees hinder effective risk management – expert*†

In September, chief executive officer of Tradition-owned spot FX trading platform ParFX, pointed out that firms without bargaining power are struggling to get value for money. 

17 October 2018, Euromoney

Speed restrictions give FX market participants the hump *

A number of observers stress the need for transparency. There are legitimate uses for a holding timer in some circumstances, but those uses need to be transparent and clear to all pre-trade, says Roger Rutherford, COO of ParFX. “It is critical that a speed bump – or a randomized matching tool – achieves its purpose of meaningfully protecting traders against bad trading behaviour,” he adds.

17 October 2018, Traders Magazine

SEC Rules for SIFMA in Market Data Case*†

Roger Rutherford, COO of ParFX told Traders Magazine that the SEC’s decision is an eye-opener, not just for those in equities in the US, but across financial markets. It supports the widely held view that there needs to be greater transparency in the pricing of market data.

16 October 2018, FOW

Speed bumps needed to curb “bad trading” – expert*†

The banks that are dominant now were among the first to embrace technology and as a result have built global franchises with embedded risk management, price discovery and execution tools that enable them to manage client flow effectively and cater to a wide range of trading strategies and order types, observes ParFX chief operating officer, Roger Rutherford.

3 October 2018, Euromoney

FX: Market responds to BIS report – ‘That’s evolution, baby’ *

The banks that are dominant now were among the first to embrace technology and as a result have built global franchises with embedded risk management, price discovery and execution tools that enable them to manage client flow effectively and cater to a wide range of trading strategies and order types, observes ParFX chief operating officer, Roger Rutherford.

24 September 2018, Finance Magnates

ParFX Reports Rising Revenue for 2017, Profits Spike*

One of the most dynamic spot FX trading platform providers in the industry, ParFX has filed its annual results with the UK Companies House. The firm is reporting that its clients base has continued growing throughout 2017.

13 September 2018, Euromoney

Fx data: How disruptive are the disruptors?*

Market data packages are often unbundled and sold separately to improve profit margins, further increasing costs for trading institutions, says ParFX CEO, Dan Marcus. “There is a realization that institutions are paying vastly different amounts for the data they receive. Large institutions are negotiating better prices and cutting special deals based on how much they agree to trade on a particular venue, which means smaller institutions with lower trading volumes and less bargaining power are struggling to get value for money.”

6 September 2018, Risk.net

Interdealer broker rankings 2018: shuffling the pack*†

When this kind of uncertainty is piled onto the various pressures brokers already face, it’s not surprising there have been changes in Risk’s broker rankings this year. While Icap retained its position at the top of the overall rankings, its stablemate Tullett Prebon fell to fifth position – down from second in 2016 and third in 2017. Tradition, on the other hand, shot up to second on the back of improved performances in rates, and strong showings in equity and currencies.

1

Contact us

To discuss how ParFX
can support your trading
needs, please e-mail
sales@parfx.com or call
+44 (0)20 7198 1575.