ParFX named e-FX initiative of the year by FX Week
ParFX, the wholesale electronic trading platform delivering renewed transparency and equality in global spot FX, has received FX Week’s coveted e-FX initiative of the year award for its efficient, transparent and versatile solution to spot FX trading.
E-FX initiative of the year: ParFX*†
Performance Considerations in FX Trading Platforms*†
In its prime?*†
“I think the whole prime broking space has gone through many changes over the past few years, changes driven by regulation,” says Roger Rutherford, COO at ParFX, which is due to launch its primes business in the weeks ahead.
Performance Considerations in FX Trading Platforms*
Another venue adopting a similar approach is the recently launched ParFX, which applies a random pause to every order entering its system. Dan Marcus, CEO of ParFX, explains how this works: “Every single message that comes into ParFX - whether that’s an order submission, cancel or replace - is subject to a randomized pause for any period between twenty and eighty milliseconds. We use this period because it’s meaningful enough to nullify anyone who is aiming to game, but meaningless enough for anyone who wants to actually trade spot FX for hedging purposes."
Les banques veulent préserver leur chasse gardée sur les monnaies*
Certaines banques ont créé avec l’aide du courtier Tradition la plate-forme ParFx, qui se revendique « anti-THF ».
FX Focus - Banks fear Sef arbitrageurs*†
FX Tech Moves Forward Amid Scandals*†
"In ParFX, the car effectively has an average speed limiter, and fuel is provided to everyone at the same time, free of charge. Accordingly, in our mind the market has identified the issue and has provided the solution.”
A Sociology of Algorithms: High-Frequency Trading and the Shaping of Markets*
A new bank-backed venue, ParFX, slows down matching in a different way, by delaying each incoming order for a randomized period of between 20 and 80 milliseconds.
Instantaneous hedging is not market-making, says GSA*†
"It's going to be very interesting when ParFX opens up for the buy side because they have a much larger latency floor than EBS."