ParFX’s unique ‘randomisation’ process is working exactly as intended when conceived in 2010. ParFX applies a randomised pause to all orders elements; amendments, cancellations and confirmations. This process is designed to encourage a level playing field for participants wherever they are located and whatever their technological or financial strength. Randomisation is configurable by currency pair and all trade attributes to allow optimisation and ensure adaptability of the trading environment.
“On top of the many months of testing, the live production trading over the past four weeks has allowed us to perform detailed analysis, ensuring the platform design works as the founder banks intended”, says ParFX’s Chief Operating Officer, Roger Rutherford. “The meaningful randomisation window of between 20 and 80 milliseconds is the fundamental element of that design and I’m delighted to say that the results show it is behaving exactly as the founders – and Tradition – planned.”