Performance Considerations in FX Trading Platforms*†
Performance Considerations in FX Trading Platforms*
Another venue adopting a similar approach is the recently launched ParFX, which applies a random pause to every order entering its system. Dan Marcus, CEO of ParFX, explains how this works: “Every single message that comes into ParFX - whether that’s an order submission, cancel or replace - is subject to a randomized pause for any period between twenty and eighty milliseconds. We use this period because it’s meaningful enough to nullify anyone who is aiming to game, but meaningless enough for anyone who wants to actually trade spot FX for hedging purposes."
Toby Green: A fairer spin for the forex dealing coin*
Column piece from City News Editor Toby Green on high frequency trading in FX, and how London-based ParFX (referred to as London’s version of IEX) is offering a solution that levels the playing field in the $5.3 trillion a day market.
High Frequency Trading: Trouble Ahead?*
Is high frequency trading - super fast trading via computers - making financial markets impenetrable to ordinary investors?