TraditionDATA expands FX analytics with Numerix*†
The data itself is taken from Tradition’s businesses including spot data from the ParFX trading platform, forwards, swaps and non-deliverable forwards data from its global broking business, and options data from the Volbroker trading platform.
Tradition revamps market data to curb costs*†
Tradition’s spot FX trading business ParFX has long advocated for fairer market data pricing across the market – while not charging for market data itself. Last September, ParFX chief exec Dan Marcus highlighted that elsewhere firms without bargaining power are subject to significant market data fee hikes as providers continue to take advantage of a lack of transparency.
CEO CHAT: Dan Marcus, ParFX*
Traders Magazine recently caught up with Dan Marcus, Chief Executive Officer of ParFX, who discussed how his firm fits into this unique ecosystem - how it is helping shape the FX Global Code of Conduct and ParFX’s technology designed to make trading more efficient and fair.
CEO CHAT: Dan Marcus, ParFX*
Traders Magazine recently caught up with Dan Marcus, Chief Executive Officer of ParFX, who discussed how his firm fits into this unique ecosystem – how it is helping shape the FX Global Code of Conduct and ParFX’s technology designed to make trading more efficient and fairer.
MEMX: a wake-up call for other markets – ParFX*†
According to Roger Rutherford, chief operating officer at spot FX platform ParFX, the newly formed Members Exchange (Memx) is a prime example that institutions which are disillusioned with existing services can take matters into their own hands.
FX market vulnerabilities persist despite good progress – ParFX*†
“It’s clear that market participants still have some key concerns relating to disclosures, behaviour in anonymous trading environments, and a lack of trading transparency," Roger Rutherford, chief operating officer of Tradition-owned FX trading platform ParFX, said.
A buy-side swaps order book – with a difference*†
According to Trad-X’s Marcus, the decision to maintain name give-up was about adhering to existing market norms. The practice aligns with the broker’s foreign exchange spot trading platform, ParFX, where it is supposed to reduce the risk of gaming by high-frequency trading firms. In the high-volume, low-value forex market, dealers were worried such firms might post aggressive prices on a Clob to generate more favourable pricing via RFQ. In the swaps market, that argument is harder to make.
Market data fees hinder effective risk management – expert*†
In September, chief executive officer of Tradition-owned spot FX trading platform ParFX, pointed out that firms without bargaining power are struggling to get value for money.
Speed bumps needed to curb “bad trading” – expert*†
The banks that are dominant now were among the first to embrace technology and as a result have built global franchises with embedded risk management, price discovery and execution tools that enable them to manage client flow effectively and cater to a wide range of trading strategies and order types, observes ParFX chief operating officer, Roger Rutherford.
ParFX Reports Rising Revenue for 2017, Profits Spike*
One of the most dynamic spot FX trading platform providers in the industry, ParFX has filed its annual results with the UK Companies House. The firm is reporting that its clients base has continued growing throughout 2017.