12 December 2013
FXecosystem Inc, a leading connectivity provider to the FX market, announced today that new spot FX platform ParFX has joined its global Meet-Me-Room (FX MMR™).
ParFX is a new, wholesale electronic trading platform designed to bring renewed transparency and equality to global spot FX. The platform’s unique matching mechanism applies a randomised pause to all order submissions, cancellations and confirmation, firming liquidity by creating a genuinely level playing field.
James Banister, CEO FXecosystem, commented: “We are pleased to welcome ParFX to our global FX MMR™, which will allow easy access for our existing and growing client base of users to participate in this innovative new offering. ParFX will gain seamless connectivity with its banks and trading partners in LD5, London and NY4, New York, with Asia live in Q1, 2014.”
Roger Rutherford, Chief Operating Officer, ParFX, said: “One of the key tenets of ParFX – and one of the original principles of our founding banks – is the idea of equal, cost-effective access to a fair and transparent FX market for all participants. FXecosystem’s technical expertise and global reach, delivered efficiently and cost effectively, will help us to meet the FX market’s demand for change.
“We have made excellent progress in on-boarding participants to the platform in recent months, and FXecosystem’s FX MMR™ service will help us to continue to build liquidity and facilitate a new trading mentality in the FX market.”
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FXecosystem is a bespoke network solution designed to ease the fragmentation of connectivity in the 24 hour FX market. Our FX MMR™ provides centralised sources of FX connectivity to banks, buy-side and ECNs on a global scale. We provide a single point of contact to deliver a fully outsourced solution with faster on boarding, low latency and less expensive connectivity. FXecosystem is changing how the FX market connects.
Developed for the market, by the market, ParFX is a new wholesale electronic trading platform designed to bring renewed transparency and equality to global spot FX. The platform’s unique matching mechanism applies a randomised pause to all order elements. This firms liquidity by creating a genuinely level playing field for all participants regardless of location, technological sophistication or financial strength.
To discuss how ParFX
can support your trading
needs, please e-mail
firstname.lastname@example.org or call
+44 (0)20 7198 1575.