FX Ethics Revamp Spurs Citigroup Training, App for Traders*
“I hope and believe that the industry will adhere to the code, but in a market as global and diverse as foreign exchange, there will probably still be some bad apples,” said Dan Marcus, CEO of trading venue ParFX. While adopting the principles will probably add to costs across the industry, “it’s very hard to argue against them.”
Platforms voice support for Code, but shy away from policing clients *†
Dan Marcus, chief executive of ParFX, said the platform strongly supports adherence to the Code across the industry and fully intends to commit to its principles. “While the Code is voluntary, we fully intend to promote the Code amongst our customers by encouraging them to evolve their institutions’ FX practices so they are consistent with the principles in the Code,” he said.
FX Global Code of Conduct Launched*
ParFX welcomes the launch of the FX Global Code for the wholesale foreign exchange (FX) market. This initiative sets out guidelines and principles that will strengthen the integrity and effectiveness of the FX market.
New forex global code in London aims to restore confidence*
Dan Marcus, CEO of ParFX, an electronic spot FX platform, said his firm strongly supported adherence across the industry.
New forex global code in London aims to restore confidence*
Dan Marcus, CEO of ParFX, an electronic spot FX platform, said his firm strongly supported adherence across the industry.
FX Global Code of Conduct Launch Finds Support Across the Industry*
The CEO of ParFX, Dan Marcus, added: “This initiative sets out guidelines and principles that will strengthen the integrity and effectiveness of the FX market. The Code aims to instil the notion of truly ethical behaviour for all participants, and outlines an effective framework that, amongst other things, promotes responsible and sustainable trading behaviour. These key values now need to be hardwired into the FX market.”
Forex industry executives comment on new FX Global Code of Conduct*
Dan Marcus, CEO of ParFX: ParFX welcomes the launch of the FX Global Code for the wholesale foreign exchange (FX) market. This initiative sets out guidelines and principles that will strengthen the integrity and effectiveness of the FX market.
Buyside Urged to Help Fix FX*
Dan Marcus, chief executive of currency trading platform ParFX, said in an email that the code aims to instil the notion of truly ethical behaviour for all participants, and outlines an effective framework that, amongst other things, promotes responsible and sustainable trading behaviour.
FX Global Code of Conduct Launch Finds Support Across the Industry*
The CEO of ParFX Dan Marcus adds: “This initiative sets out guidelines and principles that will strengthen the integrity and effectiveness of the FX market. The Code aims to instil the notion of truly ethical behaviour for all participants, and outlines an effective framework that, amongst other things, promotes responsible and sustainable trading behaviour. These key values now need to be hardwired into the FX market.”
Regardless of Article 50, London Remains at the Heart of the FX Industry*
Dan Marcus, CEO of ParFX and Global Head of Strategy and Business Development at Tradition, said: “The geographical location is not necessarily a barrier to trading and it is theoretically possible for trading and liquidity to shift from one jurisdiction to another if the conditions are more favorable.”