ParFX Will Allow Trading on the Platform Through Prime Brokers
- This unique "playing-field-leveling" institutional spot FX platform, launched by a consortium of major banks last year, will in a few months be open to Hedge Funds to trade on but with controls to deter HFT
Compagnie Financière Tradition's spot currency Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term, ParFX, agreed today to let hedge funds join the action in an effort to increase Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term and create a wider trading community, according to a report by Reuters.
The previously bank-only platform features technology said to be able to to curb the advantage of high-frequency trading, is aimed at achieving a level playing field between high and low latency traders. It was launched in April 2013, and lists 12 global banks as its founding members including: Société Générale, Barclays, Deutsche Bank, BNP Paribas, RBC, UBS, Morgan Stanley, SEB, Standard Chartered and State Street.
Roger Rutherford, chief operating officer at ParFX, is quoted by Reuters as saying: "In the coming months, we will allow customers to trade through their prime broker alongside the banks." The main clients for prime brokerages, usually owned by banks themselves, are hedge funds, but the platform will implement controls on the prime broker side meant to prevent high-frequency trading techniques that some hedge funds rely on.
"We understand that certain types of trading behaviour exist because they have a mask of anonymity. This will not be the case at ParFX - buy-side firms that trade on our platform will be subject to the same rules, compliance and full transparency as existing players," Mr. Rutherford further commented.
Compagnie Financière Tradition's spot currency Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term, ParFX, agreed today to let hedge funds join the action in an effort to increase Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term and create a wider trading community, according to a report by Reuters.
The previously bank-only platform features technology said to be able to to curb the advantage of high-frequency trading, is aimed at achieving a level playing field between high and low latency traders. It was launched in April 2013, and lists 12 global banks as its founding members including: Société Générale, Barclays, Deutsche Bank, BNP Paribas, RBC, UBS, Morgan Stanley, SEB, Standard Chartered and State Street.
Roger Rutherford, chief operating officer at ParFX, is quoted by Reuters as saying: "In the coming months, we will allow customers to trade through their prime broker alongside the banks." The main clients for prime brokerages, usually owned by banks themselves, are hedge funds, but the platform will implement controls on the prime broker side meant to prevent high-frequency trading techniques that some hedge funds rely on.
"We understand that certain types of trading behaviour exist because they have a mask of anonymity. This will not be the case at ParFX - buy-side firms that trade on our platform will be subject to the same rules, compliance and full transparency as existing players," Mr. Rutherford further commented.