Buy-side firms complete first trades on ParFX as Prime service goes live*
ParFX prime brokerage model*†
ParFX, a two-year-old spot foreign exchange trading platform owned by Swiss interdealer broker Tradition, launched a month-long trial in late August to allow high-speed market makers to transact on its platform.
Leading buy-side firms complete first trades on ParFX as Prime service goes live
ParFX, the wholesale global spot FX electronic trading platform, today announced the completion of the first trades via ParFX Prime, its new prime brokerage service for the buy-side FX community.
ParFX launches Prime Brokerage service for the buy-side*
ParFX Launches New Prime Service – Aims to Harmonise Institutional Spot Foreign Exchange*
A new prime brokerage service for buy-side customers claims to level the playing field for all institutional traders by removing latency as an advantage and disclosing counter-party identities post trade.
ParFX Prime Completes First Trades With Buy-Side Firms*†
ParFX, the FX trading platform owned by Tradition, has gone live with ParFX Prime, its prime brokerage service for the buy-side FX community. It completed the first trades on 28 August with London-based GSA Capital and New-York-based Virtu Financial.
ParFX launches buy-side push*†
ParFX has opened up its platform to buy-side market participants and it is currently trialling its prime brokerage offering with a small community of users and two prime brokers, Citi and Deutsche Bank.
ParFX Prime Goes Live with First Trade*
Foreign exchange (FX) platform ParFX has announced that its buy-side-focused service ParFX Prime is now live, and the first trade was completed between GSA Capital and Virtu Financial in late August.
Forex market adds first HFTs*†
An FX market launched by the interdealer broker Tradition and major investment banks, has opened its doors to high frequency traders for the first time. ParFX has added HFT firms Virtu Financial and GSA Capital as market-makers in a bid to grow and diversify liquidity on the platform, according to a statement.
Currency Market ParFX Welcomes First HFT Firms*
The ParFX currency market set up to prevent bad behavior by the fastest traders is now courting their business in an attempt to attract volume. The decision by ParFX to welcome the speediest traders echoes a similar decision by IEX Group Inc., a U.S. stock market opened a year ago to blunt allegedly problematic trading behavior by high-frequency traders.