ParFX to introduce decimalised pricing

And adds the Chinese renminbi

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ParFX is introducing decimalisation on its trading platform in selected currency pairs and adding USD/CNH to its universe of currencies – the first non-CLS settled currency that clients will be able to trade on the venue.

A client note seen by FX Week says the platform's 14 founding members – banks – have decided to introduce decimalisation in EUR/USD, USD/JPY, USD/CHF, GBP/USD, AUD/USD, USD/CAD, NZD/USD, USD/HKD, USD/SGD, EUR/JPY, EUR/GBP, EUR/CHF and USD/CNH.

Strategy turnaround

The unexpected

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