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 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.
Prime of Prime FX Market Expands*
Roger Rutherford, chief operating officer at ParFX, told Markets Media: "We plan to roll out a pilot of our prime of prime offering in the next few weeks. Talks with a number of prime clients have revealed their need to trade on models like ParFX."
ParFX expands into prime-of-prime business*†
It has been nearly 18 months since ParFX launched its Prime service, which enabled the prime broker banks among its clients to offer liquidity to their buy-side clients. Now it is looking to expand that to the PoP space, casting a wider net and bringing smaller funds into the fold, Euromoney can reveal.
‘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.
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.
FX industry divided on randomization*†
"We believe randomization makes it easier to manage risk, not harder. The introduction of a randomized pause and other features on ParFX has firmed liquidity, increased fill rates and improved efficiency of execution."
ParFX Reports Strong CNH Uptake*†
ParFX says that USDCNH has become one of the top five currency pairs on the platform by volume, less than two months after introducing the offshore renminbi in September. Roger Rutherford, chief operating officer at ParFX, comments: "Since launch we are extremely satisfied with the levels of USDCNH trading on ParFX. In fact, it is already one of the top five pairs on the platform."
Offshore Renminbi Features As Top 5 Currency By Volume On ParFX*
ParFX, an FX trading platform set up to nullify disruptive high frequency trading, has announced that the CNH/USD currency pair has become one of the top five currency pairs on the platform by volume, less than 2 months after introducing the offshore Renminbi in September, 2015.
Challenger FX platforms make their pitch*†
Roger Rutherford, chief operating officer at ParFX, describes executable pricing as a key feature of his platform, adding that wider problems relating to best execution, including signal risk and price flashing, have been minimised because of features put in place to deter disruptive trading, such as randomization, transparency and free market data.