Chatsworth Communications has added to its list of foreign exchange clients with back-to-back appointments by ParFX and CLS Bank.
ParFX, the FX trading platform owned by interdealer broker Tradition, and formerly with MHP, has called in the agency as it seeks to build its profile with a particular focus on transparency and fairness.
Chatsworth is also now advising CLS Bank, which manages FX transactions worth in excess of $4.47tn a day and recently completed a capital raise of £160m to ensure compliance with global financial regulation. CLS Bank previously worked with FTI Consulting.
Nick Murray-Leslie, CEO, Chatsworth Communications said: "The FX industry is set to come under increased scrutiny over the coming months, which presents a unique opportunity for institutions to differentiate themselves by their commitment to ensuring a fair and orderly FX marketplace."
Chatsworth also has FXCM, the world’s largest retail FX broker, among its clients, in addition to aggregator FX MarketFactory and FX options specialists SD.
Foreign exchange is the world’s largest and most liquid market, with average daily traded volumes growing year on year to more than $5.3 trillion per day.