In the News

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

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On the FX Global Code

One can imagine that institutions that don’t sign up risk losing out on business. Several central banks [have said] they would only maintain counterparty relationships with firms that commit to the Code. 

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5 May 2014, Financial News

High-speed traders find bumps in road as they drive into FX*†

In the recent ruckus kicked up by the Michael Lewis book Flash Boys, high-frequency trading firms found themselves accused of rigging equity markets by front-running investor orders.

17 April 2014, Bloomberg

High-Frequency Fight Starts in Foreign Exchange*

Foreign-exchange dealers say they have the solution to the high-frequency trades eroding banks’ profits across financial markets.

7 April 2014, FOW

Flash Boys reaction: what the market thinks*†

The release of Michael Lewis’ new book accusing high-frequency traders of rigging the markets has ignited further debate in an already contentious subject

7 April 2014, BBC Business Daily

High Frequency Trading: Trouble Ahead?*

Is high frequency trading - super fast trading via computers - making financial markets impenetrable to ordinary investors?

1 April 2014, e-Forex

What does the future hold for Multi-Dealer platforms in FX?*†

With Roger Rutherford, Chief Operating Officer, ParFX, Paul Tivnann, Global Head of FX and Commodities Electronic Trading at Bloomberg and John Miesner, Managing Director, Head of Global Sales, KCG Hotspot.

28 February 2014, Inside Market Data

Tradition Revamps Forward Swaps Data; Preps ParFX Data Offering, HFT Neutralizer*†

Tradition is preparing to open up its ParFX spot foreign exchange platform to buy-side firms and the FX trading community at large, in addition to its 14 existing founder bank participants

20 February 2014, Euromoney

ParFX gains credibility as first phase of on-boarding nears completion*†

The addition of JPMorgan and Citi to start-up trading platform ParFX marks the acceleration of the platform’s growth as it plans to open to the buy side in the summer.

24 January 2014, Reuters

Exclusive bank-owned FX platform to open doors to hedge funds*

ParFX, a currency trading platform launched to curb the advantage of high-frequency traders, will allow hedge funds to join banks in its trade to increase liquidity and create a wider trading community.

6 January 2014, FX Week By Kathy Alys

Perspectives on 2014: Roger Rutherford, ParFX*†

With 12 banks now trading on ParFX as members, the platform will open up to the buy side in the coming months, which will test the strength of its business model and trading rules.

5 December 2013, Bloomberg

Societe Generale Joins Tradition’s Currency-Trading Platform*

Societe Generale SA (GLE) has become the 12th founder bank to join Tradition’s ParFX electronic currency-trading platform, an alternative to ICAP Plc’s EBS and Thomson Reuters FXall. France’s second-biggest bank will be involved in governance, and development of the product.

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