Discover our Platforms

Pure by Design

ParFX

ParFX brings renewed transparency and equality to global wholesale electronic spot FX trading.  

The platform’s unique matching mechanism applies a meaningful randomized pause to all order submissions, amendments and cancellations. This firms liquidity by creating a genuinely level playing field for all participants regardless of technological sophistication, financial strength or volumes traded.

Other benefits include:

  • Enhanced trade cycle transparency – lit pre-trade, full disclosure post-trade

  • Reduced need for internationalization – lowers unwanted carried risk and increases market liquidity

  • Low-cost and easy access through industry-standard FIX protocol API

  • Democratic incorporation of trading costs into actual transaction

  • Transparent trading pricing set equally for all users at USD 2.0 per million USD equivalent

  • At-cost market data distributed in parallel to all active participants

ParFX is open to all professional institutions able to settle via CLS and delivers a low-cost, convenient and equitable venue for sourcing FX liquidity to those participants with a genuine need to trade. ParFX is open to non-bank institutions as well as banks, extending access to hedge funds, asset managers, pension funds and corporations utilizing the credit of their prime bank.

 

ParFX Prime

Founded on the same guiding principles as ParFX, ParFX Prime increases liquidity and enhances the variety of trading strategies on the platform, providing opportunities for all participants to trade in an orderly, efficient and equal manner. 

Features of ParFX Prime include: 

  • Unprecedented level of trading transparency – executing broker, prime broker and prime client names all given-up post-trade

  • Unique matching mechanism that applies a meaningful randomized pause to all order submissions, amendments and cancellations

  • Equal, clear brokerage charges for all users

  • Creation of a market of natural interest, reliable price discovery and firm liquidity