Tag: ParFX

October 03, 2016 BY LeapRate Staff

IMF adds Chinese Renminbi to SDR Basket: What does it mean?

With the International Monetary Fund (IMF) announcement of the launch of the new Special Drawing Right (SDR) valuation basket including - for the first time - the Chinese Renminbi (RMB), we are pleased to present some comments on what this means from two FX / China experts: Rachael Hoey, Head of Asia at CLS and Dan Marcus, CEO…

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January 27, 2016 BY Maria Nikolova

ParFX adds six currency pairs to offering

ParFX, the wholesale electronic trading platform owned by interdealer broker Compagnie Financiere Tradition SA (SWX:CFT), today announces a set of additions to its trading instruments lineup. The first addition is the Hungarian forint (HUF), with traders to be able to trade EUR/HUF on the platform. The introduction of EUR/HUF to ParFX happens a couple of…

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August 25, 2014 BY Mike Fox

Weekly Forex Look Back

Last Week’s Forex Look Back! (Highlights from the Week of Aug 18th - 24th) Exclusive: FXTG new owner, LMAX liquidity and Stavro D’Amore as CEO | https://www.leaprate.com/DLg0E Interactive Brokers to launch Traders’ Marketplace for FX participants | https://www.leaprate.com/ZaOjm Alpari UK Warns of Unauthorized Clone Websites | https://www.leaprate.com/SfHYx BTIG LLC Chicago-based team opens new FX trading…

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August 19, 2014 BY Mike Fox

ParFX named Technology Project of the Year in The Banker magazine

ParFX, the wholesale electronic trading platform delivering renewed transparency and equality in global spot FX, has been named Technology Project of the Year in the Dealing/Trading category by The Banker magazine, in recognition of its success in introducing fairness and equality into the world’s largest financial market – Forex. Created by the market, for the…

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April 17, 2014 BY Gerald Segal

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%…

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February 13, 2014 BY Gerald Segal

Citi and JP Morgan join electronic trading platform ParFX

ECN liquidity at ParFX is deepening further with the total of founder banks rising to 14 Global interdealer brokerage Tradition’s spot FX trading platform ParFX has gotten on board another two top tier banks as founders to further deepen forex liquidity within its offering. Citi and JP Morgan are the latest additions to the newest…

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April 29, 2013 BY Gerald Segal

EBS takes dead aim at ParFX, eliminates first-in first-out orders

EBS's move is meant to remove advantages enjoyed by high-speed, high-frequency traders. The Forex ECN wars are officially on! Just a few days after we reported the launch of Tradition's new Forex ECN called ParFX, comes word that ICAP's EBS is making a major change to the way it handles incoming orders. The change --…

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