RMB: ParFX offers USD/CNH trading*†
ParFX, the wholesale electronic trading platform designed by Tradition and owned by a consortium of 14 banks, has added offshore renminbi (CNH) to its stable of tradeable currencies, with USD/CNH having gone live in September.
ParFX Releases Free Offshore Renminbi Data*†
ParFX, the electronic spot foreign exchange marketplace owned by interdealer broker Tradition, has made market data on the offshore renminbi (CNH) available to traders, after launching the currency on its trading platform earlier this month.
ParFX boosts currency offering with addition of offshore renminbi
ParFX, the wholesale electronic trading platform, today announced the addition of the offshore renminbi (CNH) as it expands the number of tradeable currencies offered on the platform.
The USD/CNH pair went live on 14 September 2015 following extensive testing, and is a result of global demand from ParFX’s founder banks and customer base, which has expanded significantly since the platform’s inception in June 2013.
ParFX adds offshore renminbi*†
"When you look at the way the market has grown in the offshore renminbi, there is a strong desire in every region around the world - regardless of buy side or sell side - to have a market of fairness and equality across all currency pairs, and that is the underlining ethos of ParFX," says Roger Rutherford, chief operating officer at ParFX."
ParFX boosts currency offering with addition of offshore renminbi *
"We founded ParFX for this very reason; its concept is rooted in transparency and the platform has already proven to be a strong deterrent against disruptive trading behaviour. For this reason, we are delighted introduce the offshore renminbi to the ParFX trading community."
ParFX adds CNH to currency offering*
The addition of offshore renminbi to the lineup marks another milestone in ParFX’s expansion and reiterates the importance of the Asian market.
ParFX boosts currency offerings with offshore renminbi*
Roger Rutherford, COO of ParFX, added: "The addition of the offshore renminbi marks an exciting milestone in our expansion and will significantly strengthen our presence in Asia in particular."
ParFX adds offshore renminbi to currency offering*
"We founded ParFX for this very reason; its concept is rooted in transparency and the platform has already proven to be a strong deterrent against disruptive trading behaviour. For this reason, we are delighted introduce the offshore renminbi to the ParFX trading community."
ParFX boosts currency offering with addition of offshore renminbi*
ParFX, the wholesale electronic trading platform, today announced the addition of the offshore renminbi (CNH) as it expands the number of tradeable currencies offered on the platform.
Swiss peg debacle leads to cull in FX prime brokerage*
However, Roger Rutherford, chief operating officer at ParFX, says the SNB’s move in January was more a catalyst that sped up the process, rather than its root cause.