ParFX boosts currency offerings with offshore renminbi*
Roger Rutherford, COO of ParFX, added: "The addition of the offshore renminbi marks an exciting milestone in our expansion and will significantly strengthen our presence in Asia in particular."
ParFX adds offshore renminbi to currency offering*
"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 boosts currency offering with addition of offshore renminbi*
ParFX, the wholesale electronic trading platform, today announced the addition of the offshore renminbi (CNH) as it expands the number of tradeable currencies offered on the platform.
Tradition exec slams 'toxic' effect of market data costs *†
Dan Marcus, who is the global head of strategy and business development at interdealer broker Tradition and the chief executive of FX trading venue ParFX, said: "The distribution, cost and methods of accessing market data have become unnecessarily expensive and, in many cases, have fueled the rise of disruptive trading in spot foreign exchange."
EBS BrokerTec draws fire for unbundling and hiking fees*†
"Unfortunately, purchasing additional market data to buy an advantage – often at a cost of tens of thousands a month – has become a harsh modern reality of financial markets. It damages the ability of many firms to execute efficiently and creates a toxic trading environment for those with a genuine interest to trade," said Dan Marcus, chief executive of rival trading platform ParFX, which doesn't charge for market data.
Renminbi unpegged: 10 years on*†
"Of the emerging market/developing currencies that have come to the fore in recent years - the renminbi, ruble, rupee, real, lira - the offshore renminbi is best placed to become a truly international currency," says Dan Marcus, chief executive of wholesale electronic trading platform ParFX.
ParFX Prime wins The Banker’s Trading Platform Project of the Year*
ParFX Prime, the new prime brokerage service from wholesale global spot FX electronic trading platform ParFX, has been named Trading Platform Project of the Year by The Banker magazine.
The Rise Of The Yuan Continues: LME To Accept Renminbi As Collateral*
The following quote is from Dan Marcus, CEO of London-based currency trading platform ParFX who spoke to WSJ: "The rise of China’s currency on global markets is arguably the most significant development in currency trading since the introduction of the euro in 1999."
China’s Yuan Pushes Deeper Into Global Financial System*†
"The role of the renminbi in foreign exchange trading and cross-border payments has surged," said Dan Marcus, CEO of London-based currency trading platform ParFX. The rise of China’s currency on global markets "is arguably the most significant development in currency trading since the introduction of the euro in 1999. Ten years from now, it will be challenging the top major currencies."
U.K. to Unveil Financial Market Reforms*†
"While last look isn’t bad per se, it is contrary with this principle of stable and firm pricing, and potentially leaves the door open for disruptive trading practices to occur," said Dan Marcus, chief executive at trading platform ParFX.