Bloomberg: Big banks fighting back against FX high frequency traders

Bloomberg claims that alternative Forex ECN ParFX was approached by banks asking if its technology could be applied to other asset classes.

Interesting article today on Bloomberg we’d like to make our readers aware of, on the trouble big players in the currency markets have been having with high frequency trading — which make up 30-35% of FX trades on traditional institutional FX platforms such as ICAP’s EBS — and solutions they are looking at.

ParFX has introduced randomized pauses of about 20 to 80 milliseconds on all FX orders in an attempt to fight HFT, and make its platform fair to all traders.

To see the complete Bloomberg article click here.

For more on the global Forex industry see the LeapRate-Dow Jones Forex Industry Report.

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Bloomberg: Big banks fighting back against FX high frequency traders


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