Compagnie Financière Tradition H1 2014 Report*
Tradition said it also pursued the development of ParFX, a global wholesale electronic trading platform for spot forex, during the first half. The platform now counts 14 banks among its founding members, with the addition of two major participants in the global spot forex market in early 2014, enabling it to further expand its distribution network.
CFT im Halbjahr mit weniger Gewinn - Erfolge mit Trad-X und ParFX*
Auch die Entwicklung von ParFX, eine ebenfalls selbst entwickelte elektronische Handelsplattform für Devisenkassageschäfte zuhanden von institutionellen Kunden, komme gut voran. Nebst den 14 Banken, die seit Lancierung diese Plattform nutzen, seien Anfang 2014 zwei weitere wichtige Player im weltweiten Spot-Foren-Markt dazugekommen.
ParFX named Technology Project of the Year in The Banker magazine*
ParFX, the wholesale electronic trading platform delivering renewed transparency and equality in global spot FX, has been named Technology Project of the Year in the Dealing/Trading category by The Banker magazine, in recognition of its success in introducing fairness and equality into the world’s largest financial market – Forex.
Best Multi-Dealer FX Trading Platform*†
ParFX features in shortlist for Best Multi-Dealer FX Trading Platform. First conceived as a new platform in 2010, ParFX was launched by Tradition in April 2013 and now has the backing of a diverse range of 14 banks, including Citi, Barclays, UBS and Deutsche Bank. Its unique features include a randomised pause applied to all orders to promote a level playing field, as well as at-cost market data and transparent connection and brokerage fees.
Technology Projects of the Year, 2014*†
ParFX, winner of the 2014 Dealing/trading category, responded to a need among smaller participants for a cost-effective solution that did not put them at a disadvantage. Not gaining an advantage simply by technological superiority is one of the guiding principles of the platform.
E-FX initiative of the year: ParFX*†
Performance Considerations in FX Trading Platforms*†
In its prime?*†
“I think the whole prime broking space has gone through many changes over the past few years, changes driven by regulation,” says Roger Rutherford, COO at ParFX, which is due to launch its primes business in the weeks ahead.
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."
Les banques veulent préserver leur chasse gardée sur les monnaies*
Certaines banques ont créé avec l’aide du courtier Tradition la plate-forme ParFx, qui se revendique « anti-THF ».