Bank of International Settlements Publishes Global Code of Conduct*
Commenting on the matter, the CEO of ParFX, Dan Marcus, added: "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."
BIS issues first phase of FX market code of conduct*
"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", says Dan Marcus, CEO of ParFX.
New FX code gets overwhelming support*†
"The release of comprehensive guidance... ahead of the implementation of the final code demonstrates the importance of transparency and market engagement throughout the process," said Dan Marcus, chief executive of ParFX.
BIS unveils first phase of the global FX Code of Conduct*
"In partnership with a group of the largest FX trading institutions in the world, the ParFX model has led from the start in its drive to address disorderly trading behaviour in whatever form it takes, and to offer a genuine alternative. We believe the principles underpinning the Code of Conduct are very closely aligned with that of our own platform."
Forex Network New York
ParFX is a Silver Sponsor and hosted the coffee breaks at Forex Network New York.
FX as an asset class: Smarter trading*
Roger Rutherford, COO at ParFX, believes investors are attracted to the highly electronic nature of foreign exchange trading, where participants can utilise a variety of trading strategies, sources of liquidity, execution type and trading venues.
FX: Part fills spark 'last look' reform calls*†
While last look isn’t bad per se, it is contrary to the principle of stable and firm pricing, and potentially leaves the door open for disruptive trading practices – such as the creation of a liquidity mirage or an unclear picture of market depth – to occur, says ParFX CEO Dan Marcus.
On algorithmic trading, Sebi should talk less and do more*
Another proposal Sebi is reportedly considering is randomisation of orders, to limit the speed advantage of HFT firms. Globally, trading platforms in the forex space such as ICAP’s EBS and ParFX are using this approach to slow down HFT.
Vanguard Fed Up With 'Last Look' Practice Pervading Currencies*
ParFX, created by Cie. Financiere Tradition SA, doesn’t allow last look on its platform because it "potentially leaves the door open for disruptive trading practices," said Dan Marcus, the company’s chief executive officer.
Forex Network London
ParFX is a Silver Sponsor and hosted the coffee breaks at Forex Network London.