Compagnie Financière Tradition : ParFX launches trading in Hungarian forint*
ParFX, the wholesale electronic trading platform, today expanded the number of currencies offered on its platform with the addition of the Hungarian forint (HUF).
‘Last Look’ to Remain Hot Topic in FX*
ParFX, the wholesale spot foreign exchange electronic trading platform, said the practice of last look was one of the most topical issues of last year and will likely remain so in 2016.
XTX Markets retains Chris Knight to lead Apac push*†
When Knight took the e-trading helm at Standard Chartered, it was running its e-trading through the products of various vendors. The bank later developed and maintained its own platforms, and it is now one of the 11 founding members of ParFX, the spot FX trading platform launched in April 2013.
Redefining trading*†
2015 was an exciting year in foreign exchange markets, as volatility made its return and the promise of new technologies dominated the headlines. The landscape of the market has changed significantly in the past 12 months, with several key developments leaving the industry - and ParFX - quietly confident as we move into 2016.
Next generation trading technology: Liquidity pours into FX platforms*
Roger Rutherford, Chief Operating Officer of ParFX says the need to address the impact that disruptive trading behaviour has had on fill rates of incumbent platforms was a key factor in the development of his business.
Forex investors ready to bid farewell to 'last look' abuses *†
ParFX, a foreign exchange venue owned by Tradition, a Swiss interdealer broker, does not have last look. "We don't promote 'non-firm' liquidity - that would completely nullify what we're all about," says Dan Marcus, chief executive. "You could have a single dealer doing a structured trade for a customer, but you wouldn't put the entire trade on the spot FX platform. You may, however, submit a leg or use the platform to hedge."
Tradition wins prestigious interdealer broker and SEF of the year awards
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.
IDB of the Year: Tradition*
Tradition is focused on three core strengths: price discovery and distribution, liquidity development and excellence of execution. It seeks to operate in a fair and transparent way in all of its business lines, whether in pricing structure and impartial access to its Sef or the level playing fields engendered by its spot FX platform, ParFX.
IMF Adds Renminbi to SDR Basket*†
The addition of the RMB to the SDR basket comes at a time when trading volumes in the Chinese currency are rising. Last month, Tradition's ParFX platform said CNH was the fifth most traded currency on the platform while volumes are also rising on EBS.
FX Week Europe
ParFX hosted the coffee breaks at FX Week Europe.