ParFX Prime, the new prime brokerage service from wholesale global spot FX electronic trading platform ParFX, has been named Trading Platform Project of the Year by The Banker magazine.
This year’s achievement follows The Banker’s 2014 Awards, in which ParFX was named Technology Project of the Year. As an extension of ParFX, ParFX Prime enables buy-side institutions and small to medium sized banks to utilise the credit of their prime broker to trade on the platform.
ParFX Prime was designed in conjunction with a group of the industry’s largest FX trading institutions, including the two largest prime banks for spot FX, Citibank and Deutsche Bank.
The trading venue is unique in delivering full trade transparency, with executing broker, prime bank and prime client all required to give up their names post-trade.
Dan Marcus, CEO of ParFX comments: “We are delighted to be recognised at The Banker’s annual awards for the second year in a row. The award provides further validation of our model to bring fair and equal access to the FX market; something we believe continues to distinguish our offering and benefit users. We look forward to onboarding new participants to ParFX Prime over the coming months as we continue to build firm liquidity and offer best price in a market of genuine interest.”