Forex market adds first HFTs*†
An FX market launched by the interdealer broker Tradition and major investment banks, has opened its doors to high frequency traders for the first time. ParFX has added HFT firms Virtu Financial and GSA Capital as market-makers in a bid to grow and diversify liquidity on the platform, according to a statement.
Currency Market ParFX Welcomes First HFT Firms*
The ParFX currency market set up to prevent bad behavior by the fastest traders is now courting their business in an attempt to attract volume. The decision by ParFX to welcome the speediest traders echoes a similar decision by IEX Group Inc., a U.S. stock market opened a year ago to blunt allegedly problematic trading behavior by high-frequency traders.
ParFX trials high-speed market makers on platform*†
ParFX, a spot foreign exchange trading venue set up to discourage some high-frequency trading practices, is experimenting with allowing high-speed market makers on to its platform.
ParFX launches prime brokerage service*†
Foreign exchange electronic trading venue ParFX says the first trades have been completed on ParFX Prime, its new prime brokerage service for the buy-side FX community.
Currency Market ParFX Welcomes First High-Frequency Traders*†
Swiss brokerage Cie. Financiere Tradition set up ParFX at the request of banks that had grown frustrated by the arrival of high-frequency traders on their existing platforms. The platform, which started trading in July 2013, subjects orders to random pauses of about 20 to 80 milliseconds. It also requires the broker, bank and client to disclose their names after completing their trades.
Leading buy-side firms complete first trades on ParFX as Prime service goes live*
ParFX, the wholesale global spot FX electronic trading platform, today announced the completion of the first trades via ParFX Prime, its new prime brokerage service for the buy-side FX community.
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.
ParFX named Technology Project of the Year
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 – foreign exchange.