ParFX - Bringing increased fairness, equality and transparency to the FX market*
Since ParFX’s inception in 2013, the company has been at the forefront of efforts to bring about change to the industry. It played a role in the development of the FX Global Code through its participation in ACI’s foreign exchange committee and was one of the first to sign up. e-Forex spoke to Roger Rutherford, Chief Operating Officer at ParFX, to discover more about the unique aspects of the platform and business model, and the steps it will be taking to continue its mission of improving trading behaviour in the FX market.
Trading Behavior Trumps Speed Bumps*
Roger Rutherford, COO of ParFX, which introduced a randomized matching pause several years ago on its platform, noted there has been what he says is a “dramatic rise” in speed-based trading over the past decade and that by removing speed as a key factor of success, there is a renewed focus on trading behavior, with greater quality and certainty of execution.
Trading Behavior Trumps Speed Bumps*†
Roger Rutherford, COO of ParFX, which introduced a randomized matching pause several years ago on its platform, noted there has been what he says is a “dramatic rise” in speed-based trading over the past decade and that by removing speed as a key factor of success, there is a renewed focus on trading behaviour, with greater quality and certainty of execution.
ParFX takes first step for moving into NDFs*†
ParFX is exploring an expansion into non-deliverable forwards, eyeing the opportunity to bring the principles behind its wholesale electronic spot foreign exchange platform to a growing segment of the market.
CEO CHAT: Dan Marcus, ParFX*
Traders Magazine recently caught up with Dan Marcus, Chief Executive Officer of ParFX, who discussed how his firm fits into this unique ecosystem - how it is helping shape the FX Global Code of Conduct and ParFX’s technology designed to make trading more efficient and fair.
CEO CHAT: Dan Marcus, ParFX*
Traders Magazine recently caught up with Dan Marcus, Chief Executive Officer of ParFX, who discussed how his firm fits into this unique ecosystem – how it is helping shape the FX Global Code of Conduct and ParFX’s technology designed to make trading more efficient and fairer.
ParFX: More of the Same*†
In 2013, the FX Pure initiative resulted in the launch of ParFX and now, almost 10 years on from the original inception of the idea, Roger Rutherford, the COO of ParFX, insists that the model and its underlying principles are as relevant today as it’s ever been.
P&L’s 2018 Crystal Ball - How Did We Do?*†
Roger Rutherford, COO, ParFX: This is a HIT, but I don’t think ‘the great divide’ began in 2018. Rather, skyrocketing fees associated with market data is an uncomfortable, long-term trend.
How tech will transform FX next: what the industry thinks*
These transformational technologies are what will form the opportunities, benefits and challenges for FX market participants in the future, according to Roger Rutherford, the chief operating officer at ParFX, one of the 130 market participants that took part in the mid-2018 study.
Bank of England FX data show shift to options for hedging*
More generally, financial markets were operating in a risk-off environment through and beyond October, explains Roger Rutherford, chief operating officer of ParFX, noting that GBP’s share of daily market turnover was down from 16.7% in April 2018 to 16.1% last October.