Tradition new ParFX Spot FX platform now live

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

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