ParFX Plans Push into Derivatives
The trading platform has snapped up a MIC code as it ponders whether the growing market segment needs a ParFX model.
ParFX is exploring an expansion into currency derivatives, eyeing the opportunity to bring the principles behind its wholesale electronic spot foreign exchange platform to a growing segment of the market.
It has already applied for a market identifier code, or MIC, for a venue that will trade non-deliverable forwards (NDFs) and other derivatives products, according to information gleaned from the International Organization for Standardization (ISO).
The ISO issues MICs to identify exchanges
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