The biggest challenge in implementing Sebi’s algo curbs could be Sebi*
Another proposed change in market design is randomising order execution. Three trading platforms in the forex space—ICAP’s EBS, ParFX and Thomson Reuters Matching, have done this in different ways to slow down HFT.
Codes of Conduct and the E-Trading Governance Challenge*†
Roger Rutherford of ParFX addresses the issues on which the second part of the Global Code of Conduct will focus.
Rules of conduct and the e-trading challenge*†
Roger Rutherford of ParFX addresses the issues on which the second part of the Global Code of Conduct will focus.
Coming of age*
"The market is still in the early of stages of its internationalisation. However, its role in foreign exchange trading and cross-border payments has surged to such an extent that its growth is now considered by many to be the most significant development in currency markets since the introduction of the euro in 1999," says Roger Rutherford, Chief Operating Officer at ParFX.
FX Week USA
ParFX hosted the coffee breaks at FX Week USA.
Currency Platform ParFX Prepare for Volatile Markets*
"This is where ParFX has a unique advantage. Our platform was developed in conjunction with some of the largest market participants, and the stability and firmness of prices that participants see on ParFX and the ability to execute on these prices is one of the platform’s primary principles."
FX Market Participants Braced for High Volatility Following Referendum*†
Meanwhile, Dan Marcus, CEO of ParFX, warns that the Brexit vote could prove to be a major test for some FX market participants, and an opportunity to see if the industry has learnt any major lessons from the volatility witnessed when the SNB pulled its peg from the euro.
London Markets Are Bracing for Brexit-Fueled Trading Bonanza*
Electronic-trading platform ParFX says the currency venue will have extra trading and IT staff available if needed, and has been in regular contact with customers in the run-up to the vote. "Market participants are now better prepared for an explosion of volatility and are likely to err on the side of caution in the face of significantly higher trading activity following the EU referendum vote," said CEO Dan Marcus.
FX Players React To Code Of Conduct Proposal*
ParFX joined in the praise, too. Its CEO, Dan Marcus, said the code of ethics is aligned with industry need and "represents a significant milestone for the FX market."
Finserv Firms Express Support for Global Code of Conduct for FX Market*†
Dan Marcus, CEO of ParFX, commented: "The publication of the first phase of the single, globally applicable Code of Conduct by the Bank for International Settlement (BIS), represents a significant milestone for the FX market."