ParFX launches trading in Hungarian forint*
The introduction of EUR/HUF to ParFX follows the recent addition of the forint to the CLS settlement system, and has been welcomed by the platform’s growing customer base.
ParFX adds six currency pairs to offering*
ParFX, the wholesale electronic trading platform owned by interdealer broker Compagnie Financiere Tradition SA (SWX:CFT), today announces a set of additions to its trading instruments lineup.
Compagnie Financière Tradition : 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).
‘Last Look’ to Remain Hot Topic in FX*
ParFX, the wholesale spot foreign exchange electronic trading platform, said the practice of last look was one of the most topical issues of last year and will likely remain so in 2016.
Redefining trading*†
2015 was an exciting year in foreign exchange markets, as volatility made its return and the promise of new technologies dominated the headlines. The landscape of the market has changed significantly in the past 12 months, with several key developments leaving the industry - and ParFX - quietly confident as we move into 2016.
Forex investors ready to bid farewell to 'last look' abuses *†
ParFX, a foreign exchange venue owned by Tradition, a Swiss interdealer broker, does not have last look. "We don't promote 'non-firm' liquidity - that would completely nullify what we're all about," says Dan Marcus, chief executive. "You could have a single dealer doing a structured trade for a customer, but you wouldn't put the entire trade on the spot FX platform. You may, however, submit a leg or use the platform to hedge."
IDB of the Year: Tradition*
Tradition is focused on three core strengths: price discovery and distribution, liquidity development and excellence of execution. It seeks to operate in a fair and transparent way in all of its business lines, whether in pricing structure and impartial access to its Sef or the level playing fields engendered by its spot FX platform, ParFX.
The Brit beating the forex flash boys in less time than the blink of an eye*†
"We provided a commitment to deliver, they provided the commitment that they would trade on the platform," Dan Marcus, chief executive of ParFX, says. Tradition set a five-year business plan and is "taking market share every day", according to Mr Marcus. "We’re bang on track."
HFT, Dark Pools and Spoofing in Hillary Clinton’s Crosshairs*
Dan Marcus, CEO of ParFX, the platform launched by 14 global banks specifically to combat disruptive trading behaviour, says Clinton’s approach is not new (a tax on financial transactions has been floated in Europe) and does not focus on the right issues.
Hillary Clinton HFT tax proposal - reaction from ParFX*
This week, US Democratic Presidential candidate Hillary Clinton proposed an idea of taxing high frequency transactions with excessive order cancellations that are deemed to enable abusive trading or could threaten to destabilise financial markets. In response, Dan Marcus, CEO of ParFX, the trading platform launched by 14 global banks specifically to combat disruptive trading behaviour, outlines his view on how regulatory authorities can tackle this issue.