SG CIB joins ParFX as latest bank member
Société Générale Corporate and Investment Banking (SG CIB) has become the 12th bank to join up to start-up spot trading platform ParFX as a 'founder member', while Bank of America Merrill Lynch (BAML) has started trading on the platform as a non-founder.
ParFX originated from a consortium of banks that came together in 2010 as a result of frustration with the status quo on incumbent platforms such as EBS, where non-bank high-frequency trading firms were felt to have created a distorted trading
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