In the News

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Read the latest news and views from the heart of the FX market.

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What are the trends for 2019?

According to ParFX COO Roger Rutherford, the overarching trend for this year is market participants extracting as much value as possible for their trading operations, and making their voices heard on issues which affect them.

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20 June 2019, Profit and Loss

Bringing the Pure Concept to Digital Assets*

The creation of the FX Pure trading platform, which evolved into the ParFX model, is seen by many as a transformative event in FX markets because it halted a decline in certain trading behaviours that were seen as unhealthy and restored a balance to the market.

20 June 2019, FOW

ICE speed bump: the road to data-driven decisions*†

However, speed bumps are not a novel concept, and are not uncommon in spot FX markets like ParFX, Thomson Reuters Matching, and EBS Market, and in cash equities markets like TSX Alpha and IEX.

3 June 2019, e-Forex

ParFX - Bringing increased fairness, equality and transparency to the FX market*

Since ParFX’s inception in 2013, the company has been at the forefront of efforts to bring about change to the industry. It played a role in the development of the FX Global Code through its participation in ACI’s foreign exchange committee and was one of the first to sign up. e-Forex spoke to Roger Rutherford, Chief Operating Officer at ParFX, to discover more about the unique aspects of the platform and business model, and the steps it will be taking to continue its mission of improving trading behaviour in the FX market.

20 May 2019, FOW

ICE speed bump: the road to data-driven decisions*†

However, speed bumps are not a novel concept, and are not uncommon in spot FX markets like ParFX, Thomson Reuters Matching, and EBS Market, and in cash equities markets like TSX Alpha and IEX.

2 May 2019, Markets Media

Trading Behavior Trumps Speed Bumps*

Roger Rutherford, COO of ParFX, which introduced a randomized matching pause several years ago on its platform, noted there has been what he says is a “dramatic rise” in speed-based trading over the past decade and that by removing speed as a key factor of success, there is a renewed focus on trading behavior, with greater quality and certainty of execution.

25 April 2019, Traders Magazine

Trading Behavior Trumps Speed Bumps*†

Roger Rutherford, COO of ParFX, which introduced a randomized matching pause several years ago on its platform, noted there has been what he says is a “dramatic rise” in speed-based trading over the past decade and that by removing speed as a key factor of success, there is a renewed focus on trading behaviour, with greater quality and certainty of execution.

22 April 2019, Profit & Loss

Trading Firms Cry “Last Look” in the Futures Market*

XTX even argues that the ICE proposal is not a novel one, and says that it is part of a growing trend of similar mechanisms that other platforms have introduced to protect market makers from latency arbitrage strategies, citing 12 different examples – including Eurex, EBS Market, Thomson Reuters (now Refinitv) Matching, ParFX and Moscow Exchange that have all introduced such mechanisms for their FX markets.

15 April 2019, WatersTechnology

ParFX Plans Push into Derivatives*†

ParFX is exploring an expansion into currency derivatives, eyeing the opportunity to bring the principles behind its wholesale electronic spot foreign exchange platform to a growing segment of the market.

11 April 2019, FX Week

ParFX takes first step for moving into NDFs*†

ParFX is exploring an expansion into non-deliverable forwards, eyeing the opportunity to bring the principles behind its wholesale electronic spot foreign exchange platform to a growing segment of the market.

10 April 2019, TabbForum

Speed Bumps: Anti-Latency Arbitrage Mechanisms Make Markets Better*†

The concept is already popular in FX, with major venues such as Reuters Matching, EBS Market and ParFX all utilizing some form of tech-based ALA mechanism. Moscow Exchange has also announced that it will be adding an ALA mechanism to its Rouble market.

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