Removing the mask of anonymity*
The reform of prime brokerage trading in spot FX is well underway - and disclosed trading has emerged as a welcome alternative to how non-bank institutions trade spot foreign exchange, says Dan Marcus, CEO of ParFX.
Interest Grows In Offshore Renminbi Trading*
Dan Marcus, chief executive of ParFX, said in a statement that the Chinese currency is one of the fastest growing in the world although it is still in the early of stages of internationalisation. Trading volumes have grown since the introduction of spot trading in the offshore market in 2010 and renminbi trading centres have emerged in Hong Kong, London and Singapore.
FEMR a watershed moment for FX?*†
In the middle ground Dan Marcus says, "As far as last look is concerned, on ParFX and some other venues, what you see is what you get - firm, irrefutable prices that can be executed on a click and trade basis."
RMB: ParFX offers USD/CNH trading*†
ParFX, the wholesale electronic trading platform designed by Tradition and owned by a consortium of 14 banks, has added offshore renminbi (CNH) to its stable of tradeable currencies, with USD/CNH having gone live in September.
October 1st Brings New Data Fees from EBS, and Debate About Trading Costs*
ParFX has been specifically vocal about the benefits of randomization, with Dan Marcus, CEO of ParFX, stating to Finance Magnates, "When combined with a randomized pause of 10-30 milliseconds in an electronic trading environment, ParFX is able to nullify strategies reliant on extreme latency, while offering an efficient trading venue where speed or technological sophistication isn’t a critical factor."
ParFX Releases Free Offshore Renminbi Data*†
ParFX, the electronic spot foreign exchange marketplace owned by interdealer broker Tradition, has made market data on the offshore renminbi (CNH) available to traders, after launching the currency on its trading platform earlier this month.
Forex Network Chicago
ParFX is a Silver Sponsor and hosted the coffee breaks at Forex Network Chicago.
ParFX boosts currency offering with addition of offshore renminbi
ParFX, the wholesale electronic trading platform, today announced the addition of the offshore renminbi (CNH) as it expands the number of tradeable currencies offered on the platform.
The USD/CNH pair went live on 14 September 2015 following extensive testing, and is a result of global demand from ParFX’s founder banks and customer base, which has expanded significantly since the platform’s inception in June 2013.
ParFX adds renminbi to traded currencies *†
Dan Marcus, chief executive of ParFX, said: "As demand for the offshore renminbi continues to grow, our founders and customers recognised the need to trade the renminbi in an environment where there is genuine trading interest and liquidity, and not let it become another tool for disruptive traders."
ParFX adds offshore renminbi*†
"When you look at the way the market has grown in the offshore renminbi, there is a strong desire in every region around the world - regardless of buy side or sell side - to have a market of fairness and equality across all currency pairs, and that is the underlining ethos of ParFX," says Roger Rutherford, chief operating officer at ParFX."