ParFX was conceived and developed according to a number of ‘pure’ guiding principles, namely that:
- Technological advantage should not automatically mean economic advantage
- IT costs associated with trading should be minimised
- Trade transparency is imperative
- Firmness of liquidity will always be promoted
- All participants should have a genuine interest and need to trade
- Trading between counterparties on ParFX will be as neutral as possible
- The principle of ‘level playing field’ will be applied throughout
- The market needs a regulatory future-proofed, clean trading environment with suitable transparency