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.
Foreign exchange market Global Code of Conduct supported*
“People on the buy-side, asset managers or hedge funds for example, weren’t aware that they were being priced in a way that was in some respects unfair”, said Roger Rutherford, chief operating officer of spot FX electronic trading platform ParFX.
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.
Global Code For Forex Market Has Finally Been Released*
Roger Rutherford, chief operating officer of spot foreign exchange electronic trading platform ParFX noted that the new code will introduce transparency for all parties.
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.”
BIS Releases New Set of Standards for Currency Trading*†
Roger Rutherford, chief operating officer of currency-trading platform ParFX, said he doesn’t expect big changes in his business as a result of the new code. Still, he says the code is important because “it will draw people’s attention to certain types of behavior.”
The FX Global Code of Conduct: What the Industry is Saying*†
Dan Marcus, CEO of ParFX: “ParFX welcomes the launch of the FX Global Code for the wholesale foreign exchange market. This initiative sets out guidelines and principles that will strengthen the integrity and effectiveness of the FX market.
Long-awaited FX global code of conduct is released, but does not ban controversial "last look" practice*
“People on the buy-side, asset managers or hedge funds for example, weren’t aware that they were being priced in a way that was in some respects unfair,” said Roger Rutherford, chief operating officer of spot FX electronic trading platform ParFX.