The new Spot FX Platform launched by interdealer broker (IDB) Tradition what was called ‘traFXPure‘ only to be re-named ParFX has now gone live.
ParFX will cover:
- Products:Spot FX in CLS currencies
- Access: Any participant who can settle via CLS
- Cost and convenience: Standard FIX API. Low cost and equivalent market data distributed to the entire market
- Fairness: Execution logic and uniform and transparent pricing ensures fair execution for all
- Transparency: Counterparties fully disclosed post-trade
- Technology: Based on Tradition’s Trad-X Swaps Platform
We covered this in previous post here, with summary of other new FX platforms covered here with FinExtra coverage here
Filed under: FX, Paul Blank |
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