Vanguard to Challenge Banks’ Grip on $6 Trillion Currency Market*
“Direct trading really is the Holy Grail for the buy-side,” said Campbell Adams, a former senior currency trader at Deutsche Bank who founded a platform called ParFX in partnership with banks including Citigroup Inc. and JPMorgan.
JP Morgan traded $250 billion via NDF algos this year*†
The ParFX trading venue, meanwhile, has been mulling an expansion in the space, and Deutsche-Börse-owned marketplace 360TGTX is moving to unveil the kind of streaming technology that would help bank algorithms enter the NDF market.
Forex Network Chicago
ParFX is a silver sponsor and hosted the coffee breaks at Forex Network Chicago.
London is trade no 1*
Dan Marcus, of foreign exchange trading platform ParFX, said: “This is testament to London’s long-standing global trading relationships.”
London cashes in on foreign exchange despite Brexit*†
Dan Marcus, chief executive of ParFX, a foreign exchange trading platform, said: “This is testament to London's longstanding global trading relationship, concentration of counterparties and continued investment in technology”.
London Shows The Way As Global Daily FX Trading Reaches Highs*
In a statement, Dan Marcus, CEO of ParFX, said “This is testament to London’s long-standing global trading relationships, concentration of counterparties and continued investment in technology infrastructue. From a foreign exchange perspective, there is no doubt that London remains a global center of excellence.”
Global daily forex trading surges to $6.6 trillion, London biggest hub*
“This is testament to London’s long-standing global trading relationships, concentration of counterparties and continued investment in technology infrastructure,” said Dan Marcus, CEO of ParFX, an electronic spot FX trading platform.
BIS triennial OTC survey round-up*†
“This all comes against a backdrop of major upheaval and change in the FX market. The launch of MiFID II and the FX Global Code has placed a renewed focus on transparency and execution quality. At the same time, there has been a large increase in activity from non-bank counterparties trading through their prime brokers." Dan Marcus, CEO of ParFX
London retains top share of $6.6 trillion global currency markets amid US decline*
“While New York’s overall market share as a trading hub has slipped, London has increased and reinforced its position the world’s pre-eminent FX hub,” chief executive of interdealer broker ParFX, Dan Marcus, commented on the results.
Global daily FX trading at record US$6.6t as London extends lead*
“This is testament to London’s long-standing global trading relationships, concentration of counterparties and continued investment in technology infrastructure,” said Dan Marcus, CEO of ParFX, an electronic spot FX trading platform.