Spot FX trend won’t impact derivs – ParFX*†
“But whether or not there is a move towards spot FX, this will have no impact on options or non-deliverable forwards (NDFs),” Roger Rutherford, chief operating officer of Tradition-owned FX trading venue ParFX, told FOW.
FX market vulnerabilities persist despite good progress – ParFX*†
“It’s clear that market participants still have some key concerns relating to disclosures, behaviour in anonymous trading environments, and a lack of trading transparency," Roger Rutherford, chief operating officer of Tradition-owned FX trading platform ParFX, said.
ParFX: transparency to drive trading practices as Code adoption grows*†
As the number of market participants adopting the FX Global Code of Conduct gathers momentum in 2019, there will be a greater focus on the transparency of trading practices, says Roger Rutherford, chief operating officer at trading venue ParFX.
Laying the foundations FX takes steps to secure its future*
“The ongoing work is ensuring that the price provider is more open and transparent towards the client and they document it in a way that shows you exactly how they’ll treat you. So, being more open and transparent is an enormous first step,” comments Roger Rutherford chief operating officer at ParFX.
Speed restrictions give FX market participants the hump *
A number of observers stress the need for transparency. There are legitimate uses for a holding timer in some circumstances, but those uses need to be transparent and clear to all pre-trade, says Roger Rutherford, COO of ParFX. “It is critical that a speed bump – or a randomized matching tool – achieves its purpose of meaningfully protecting traders against bad trading behaviour,” he adds.
SEC Rules for SIFMA in Market Data Case*†
Roger Rutherford, COO of ParFX told Traders Magazine that the SEC’s decision is an eye-opener, not just for those in equities in the US, but across financial markets. It supports the widely held view that there needs to be greater transparency in the pricing of market data.
Speed bumps needed to curb “bad trading” – expert*†
The banks that are dominant now were among the first to embrace technology and as a result have built global franchises with embedded risk management, price discovery and execution tools that enable them to manage client flow effectively and cater to a wide range of trading strategies and order types, observes ParFX chief operating officer, Roger Rutherford.
FX: Market responds to BIS report – ‘That’s evolution, baby’ *
The banks that are dominant now were among the first to embrace technology and as a result have built global franchises with embedded risk management, price discovery and execution tools that enable them to manage client flow effectively and cater to a wide range of trading strategies and order types, observes ParFX chief operating officer, Roger Rutherford.
Awards: ParFX*
ParFX introduced a completely new concept to the market when it launched five years ago, to thwart the efforts of high-frequency trading firms gaining an advantage by using technology and ultra low-latency trading – randomisation. This year, ParFX has been voted Best e-FX Trading Venue of the Year at the 2018 FX Week e-FX Awards – its second win since the venue launched. “We’re flattered to a certain degree that a number of platforms have tried to change direction in an attempt to emulate our pure principles,” says Roger Rutherford, chief operating officer of ParFX. “It validates what we’ve been trying to do.”
FX: MTFs still reluctant to move even as Brexit approaches*
ParFX chief operating officer Roger Rutherford says the firm has no plans to move operations, staff or its matching engine away from London at this time. “As it stands, London accounts for almost 40% of all currency trading, so it makes business sense for us to remain here,” he says.