New ParFX global foreign exchange platform gains access to Equinix’s financial ecosystem
Designed to bring renewed transparency, efficiency and equality to the global spot FX market, ParFX is open to all professional institutions able to settle via Continuous Linked Settlement (CLS) and provides Equinix’s customers in the London Slough data center campus with easy access to FX liquidity.
Highlights / Key Facts
- The ParFX trading platform provides market participants with a low-cost, easy-to-access, transparent and equitable venue for sourcing FX liquidity. The platform’s unique matching mechanism applies a randomized pause to all order elements, creating a level playing field for participants, regardless of location, technological sophistication or financial strength.
Equinixbecause of its market leadership position, broad range of trading customers and unrivalled global reach. The London Slough campus provides access to over 50 network providers and more than 170 trading participants, reducing time-to-market, and lowering barriers to entry while providing high levels of resilience.
Equinix, ParFX positions its platform directly alongside many other leading trading venues and connects with hundreds of FX institutional traders, trading platforms and ECNs globally to enable ‘follow the sun’ FX trading.
- Through Equinix’s global IBX footprint, an ecosystem of nearly 800 global financial services institutions will be able to connect to ParFX.
Roger Rutherford, chief operating officer, ParFX:
“The ParFX founder banks came to us because they believed there was a need for change in the FX market ecology and for the creation of a truly level playing field. That need is at the heart of the ParFX philosophy. Equinix’s London Slough data center campus offers world-class support with global reach, congregating players and service providers across FX, providing the opportunity to adapt and scale our business according to market need.”
Dick Theunissen, chief marketing officer, EMEA at Equinix
“ParFX is a valuable addition to the
Equinixfinancial ecosystem, extending the range of venues we host across Asset classes. Its pioneering low cost and transparent trading services will provide FX market participants located on Platform Equinix with a popular and equitable venue for sourcing FX liquidity.”
Tradition is one of the world's largest interdealer brokers in
over-the-counter financial and commodity-related products. Represented
in 28 countries, Tradition employs 2,400 people globally. Tradition is
the trading name of Compagnie Financière Tradition (CFT), which is
listed on the
Forward Looking Statements
This press release contains forward-looking statements that involve
risks and uncertainties. Actual results may differ materially from
expectations discussed in such forward-looking statements. Factors that
might cause such differences include, but are not limited to, the
challenges of acquiring, operating and constructing IBX centers and
developing, deploying and delivering
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Equinix Media Contacts:
Melissa Neumann, +1 650-598-6098
GolinHarris for Equinix, Inc.
Liam Rose, +1 650-598-6590
Caroline Kawashima, +1 415-318-4367
ParFX Media Contact
John Sarsfield/James Morgan/Fern Hammond, +44 20 3128 8530/8533/8092