ParFX, the wholesale electronic spot FX trading platform, has been named ‘Best e-FX Trading Venue’ at an award ceremony in New York.
25 May marked the first of anniversary of the FX Global Code, which aims to instil fairness, transparency and equality in day-to-day market practices. The industry has made good progress to date, but the next few months will be crucial to maintaining momentum, writes Roger Rutherford.
Is there a need for greater transparency in market data pricing? A group of 24 trading institutions, including banks and asset managers, certainly think so.
Faced with diminishing marginal returns and exponential cost increases, electronic high-frequency trading firms that made their fortunes by focusing on low-latency trading strategies are now turning their attention to analytics and smarter trading initiatives in a drive to maintain their competitive advantage.
The Bank of International Settlements’ (BIS) foreign exchange (FX) Global Code of Conduct is compelling market participants to take a hard look at established electronic spot FX platforms and ask if they are adopting best practices.
ParFX, the wholesale electronic trading platform, has issued an official statement in support of the recently launched FX Global Code of Conduct. The Code outlines a single set of principles to promote integrity and effectiveness across the global foreign exchange market.
ParFX, the wholesale electronic trading platform, has been named ‘Best Trading Platform’ at the inaugural FinTech Breakthrough Awards.
The FinTech Breakthrough Awards honour excellence in products, people, services, technologies and companies focused on financial technology. The ‘Best Trading Platform’ category recognises ParFX’s success in creating an efficient and future-proofed model for spot FX.
ParFX, the wholesale electronic trading platform, today expanded the number of currencies offered on its platform with the addition of the Hungarian forint (HUF).
In recent years, the Hungarian forint has become increasingly popular among the global FX trading community, with approximately 90% of Hungarian forint trades executed outside of Hungary’s domestic borders. According to the Bank for International Settlements, it is one of the 25 most actively traded currencies in the world.
Tradition, one of the world’s largest interdealer brokers in commodity and financial products, has won the Interdealer Broker (IDB) of the Year and SEF of the Year titles at the FOW International Awards, presented last night.
The FOW International Awards for 2015 took place in London and recognise the leaders in derivatives trading, brokerage and technology innovation. Tradition won the top accolade awarded to interdealer brokers for the second consecutive year, as well as the prestigious SEF of the Year award.
ParFX, the wholesale electronic trading platform, today announced the addition of the offshore renminbi (CNH) as it expands the number of tradeable currencies offered on the platform.
The USD/CNH pair went live on 14 September 2015 following extensive testing, and is a result of global demand from ParFX’s founder banks and customer base, which has expanded significantly since the platform’s inception in June 2013.