FX Focus - Banks fear Sef arbitrageurs*†
FX Tech Moves Forward Amid Scandals*†
"In ParFX, the car effectively has an average speed limiter, and fuel is provided to everyone at the same time, free of charge. Accordingly, in our mind the market has identified the issue and has provided the solution.”
A Sociology of Algorithms: High-Frequency Trading and the Shaping of Markets*
A new bank-backed venue, ParFX, slows down matching in a different way, by delaying each incoming order for a randomized period of between 20 and 80 milliseconds.
Instantaneous hedging is not market-making, says GSA*†
"It's going to be very interesting when ParFX opens up for the buy side because they have a much larger latency floor than EBS."
Randomisation allows smaller players to compete*†
ParFX, ICAP-owned EBS and, most recently, Thomson Reuters have all trialled and implemented latency floors with various lengths and ways to combat the technology arms race, which started with the advent of HFT firms.
Righting the FX Market From Within*†
Video interview with Alexander Tabb, Partner and COO at Tabb Group, on the impact of high frequency trading in the global foreign exchange market, and the industry’s desire to reform and combat disruptive trading behavior through ParFX.
HFT and FX: A Volatile Mix*
Article outlines the features and matching methodology of ParFX, and how it offers a fair trading environment that aims to combat disruptive trading behavior in the foreign exchange market.
Global business news *
Live radio interview from New York with BBC Business Matters discussing the issue of high frequency trading and how ParFX, with the backing of the industry, seeks to install a level playing field for all market participants and nullify disruptive trading behaviour.
Toby Green: A fairer spin for the forex dealing coin*
Column piece from City News Editor Toby Green on high frequency trading in FX, and how London-based ParFX (referred to as London’s version of IEX) is offering a solution that levels the playing field in the $5.3 trillion a day market.