BIS unveils first phase of the global FX Code of Conduct*
"In partnership with a group of the largest FX trading institutions in the world, the ParFX model has led from the start in its drive to address disorderly trading behaviour in whatever form it takes, and to offer a genuine alternative. We believe the principles underpinning the Code of Conduct are very closely aligned with that of our own platform."
FX: Part fills spark 'last look' reform calls*†
While last look isn’t bad per se, it is contrary to the principle of stable and firm pricing, and potentially leaves the door open for disruptive trading practices – such as the creation of a liquidity mirage or an unclear picture of market depth – to occur, says ParFX CEO Dan Marcus.
Vanguard Fed Up With 'Last Look' Practice Pervading Currencies*
ParFX, created by Cie. Financiere Tradition SA, doesn’t allow last look on its platform because it "potentially leaves the door open for disruptive trading practices," said Dan Marcus, the company’s chief executive officer.
Market participants expect BIS survey to show FX slowdown*†
"Over the past three years there has been extensive industry-wide debate related to changes occurring in the PB space and the impact on prime clients, which includes non-bank trading institutions," says Dan Marcus, chief executive of ParFX.
Price and perfect execution*†
Added to this are ancillary costs such as market data, brokerage fees, volumes traded and connectivity to data warehouses around the world. Combined, these factors have a substantial impact on a firm's bottom line, says Dan Marcus, chief executive at trading venue ParFX.
TCA requires standard benchmark and practices*†
Due to the opacity surrounding these ancillary charges, many market participants have no idea what their peers are paying and if they are getting the best value for money - Dan Marcus, ParFX.
Are ‘Last Look’ FX platforms getting their last look?*
ParFX, an FX venue owned by Tradition, does not utilize last look, the firm’s CEO told the Financial Times, citing advances in trading technology and the need for firm prices.
A Hard Look at Last Look in Foreign Exchange*
ParFX, an FX venue owned by Tradition, does not utilize last look, the firm’s CEO told the Financial Times, citing advances in trading technology and the need for firm prices.
ParFX Expands Platform to Include Hungarian Forint*†
ParFX has responded to an increase in global demand for the facility to trade HUF, which according to the Bank for International Settlements, is one of the 25 most actively traded currencies in the world. Alongside HUF, ParFX has also introduced six new currency pairs - UD/JPY, NZD/JPY, USD/SEK, USD/NOK and USD/DKK - to the platform.
ParFX launches trading in Hungarian forint*
ParFX, the wholesale electronic trading platform, today expanded the number of currencies offered on its platform with the addition of the Hungarian forint (HUF).