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USD/CNH enters top-five traded pairs on ParFX *†
The offshore renminbi has joined the top-five traded currencies on ParFX, less than two months after being launched on the trading platform.
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.
StanChart's Knight exits*†
When Knight took the e-trading helm at Standard Chartered, it was running its electronic trading through the products of various vendors. The bank later developed and maintained its own platforms, and it is now one of the 11 founding members of ParFX, the spot FX trading platform launched in April 2013.
HFT, Dark Pools and Spoofing in Hillary Clinton’s Crosshairs*
Dan Marcus, CEO of ParFX, the platform launched by 14 global banks specifically to combat disruptive trading behaviour, says Clinton’s approach is not new (a tax on financial transactions has been floated in Europe) and does not focus on the right issues.
Hillary Clinton HFT tax proposal - reaction from ParFX*
This week, US Democratic Presidential candidate Hillary Clinton proposed an idea of taxing high frequency transactions with excessive order cancellations that are deemed to enable abusive trading or could threaten to destabilise financial markets. In response, Dan Marcus, CEO of ParFX, the trading platform launched by 14 global banks specifically to combat disruptive trading behaviour, outlines his view on how regulatory authorities can tackle this issue.
HFT has a reputation problem*
Dan Marcus, CEO of ParFX, comments on Hilary Clinton’s proposal to tax high frequency transactions with excessive order cancellations that are deemed to enable abusive trading or could threaten to destabilise financial markets.
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.