HFT has a reputation problem*
Dan Marcus, CEO of ParFX, comments on Hilary Clinton’s proposal to tax high frequency transactions with excessive order cancellations that are deemed to enable abusive trading or could threaten to destabilise financial markets.
Removing the mask of anonymity*
The reform of prime brokerage trading in spot FX is well underway - and disclosed trading has emerged as a welcome alternative to how non-bank institutions trade spot foreign exchange, says Dan Marcus, CEO of ParFX.
Interest Grows In Offshore Renminbi Trading*
Dan Marcus, chief executive of ParFX, said in a statement that the Chinese currency is one of the fastest growing in the world although it is still in the early of stages of internationalisation. Trading volumes have grown since the introduction of spot trading in the offshore market in 2010 and renminbi trading centres have emerged in Hong Kong, London and Singapore.
FEMR a watershed moment for FX?*†
In the middle ground Dan Marcus says, "As far as last look is concerned, on ParFX and some other venues, what you see is what you get - firm, irrefutable prices that can be executed on a click and trade basis."
October 1st Brings New Data Fees from EBS, and Debate About Trading Costs*
ParFX has been specifically vocal about the benefits of randomization, with Dan Marcus, CEO of ParFX, stating to Finance Magnates, "When combined with a randomized pause of 10-30 milliseconds in an electronic trading environment, ParFX is able to nullify strategies reliant on extreme latency, while offering an efficient trading venue where speed or technological sophistication isn’t a critical factor."
ParFX adds renminbi to traded currencies *†
Dan Marcus, chief executive of ParFX, said: "As demand for the offshore renminbi continues to grow, our founders and customers recognised the need to trade the renminbi in an environment where there is genuine trading interest and liquidity, and not let it become another tool for disruptive traders."
ParFX adds offshore renminbi*†
"When you look at the way the market has grown in the offshore renminbi, there is a strong desire in every region around the world - regardless of buy side or sell side - to have a market of fairness and equality across all currency pairs, and that is the underlining ethos of ParFX," says Roger Rutherford, chief operating officer at ParFX."
ParFX Adds Offshore Renminbi Trading After Increasing Demand *
Commenting on the announcement the CEO of ParFX, Dan Marcus stated, "The Chinese currency is one of the fastest growing in the world, but is still in the early of stages of its internationalisation."
ParFX boosts currency offering with addition of offshore renminbi *
"We founded ParFX for this very reason; its concept is rooted in transparency and the platform has already proven to be a strong deterrent against disruptive trading behaviour. For this reason, we are delighted introduce the offshore renminbi to the ParFX trading community."
ParFX adds CNH to currency offering*
The addition of offshore renminbi to the lineup marks another milestone in ParFX’s expansion and reiterates the importance of the Asian market.