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Articles tagged by ParFX

Adams Exits ParFX Campbell Adams has left Tradition’s ParFX where he was head of market. Adams has played a central role in the development of ParFX as it was his concept of the randomised “speed bump”, or a non-deterministic pause before an order is placed into the matching engine, that drove the initial project – Pure FX – that ultimately became ParFX. Adams joined Tradition when the brokerage firm took over control of what was then named TraFXPure from a consortium of banks that had funded the initial development phases under Adams’ direction.
Prime-of-Prime: A Risky Business? Galen Stops takes a look at some of the potential risk concerns associated with the prime-of-prime model in FX. I n a recent survey conducted by Profit & Loss 57.25% of respondents said that they think the trend towards more firms using prime-of-primes (PoPs) rather than traditional FX prime brokers (FXPBs) could increase the impact of a shock event. This is in contrast to 27.48% who said that it won’t and 15.27% who think the impact of a shock event would be unaffected by this change. The logic underpinning this concern is based on the fact that risk is increasingly being pushed towards less well-capitalised institutions.