Tradition/ParFX

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  Company Overview


ParFX is a partnership for FX wholesale electronic matched trading and sourcing liquidity between Tradition, one of the 3 IDB ‘majors’ and partner banks Access to ParFX is open to all institutions able to settle via CLS. It is also open to non-bank institutions as well as banks, extending flow and access to their clients such as hedge funds, asset managers, pension funds and corporates able to utilise their prime bank’s credit. ParFX has received awards such as Fintech Breakthrough Award 2019, Central Banking Awards 2019, FX Weeks ‘Best e-FX Trading Platform 2019’, and previously The Banker Technology of the Year Award.

Type of business
Data Source
Region
Europe
Specialisation
Inter-Dealer Broker

  Corporate Details


Date of UpdateUnknown
HeadquartersLondon, United Kingdom
Established2013
Market Cap US$N/A
Revenue US$N/A
Employees>50
OwnershipCompagnie Financière Tradition & Partner Banks
ManagementChief Executive Officer: Dan Marcus Head of Business Development: Robert Parr Head of Product Management: Stephen Scully

  Website Analysis


URLwww.parfx.com
Alexa RankN/A
TypeData Source
Client CaseInter-Dealer Broker
CoverageUnited Kingdom, Japan, Singapore, United States
Asset ClassesUnknown
TradingYES
TerminalsUnknown
FeedsYES
AnalyticsUnknown
Compliance & RiskUnknown
Indices & BenchmarksUnknown
Reference DataUnknown
Economic DataUnknown

  Key Products & Services


ParFX: Transparent electronic platform that ‘lights’ pre-trade and provides full disclosure post trade with the network linked by FIX protocol APIs. Pricing is set for all users at US$2 per million US$ equivalent with market data distributed at cost simultaneously ParFx Prime: is an executing broker, prime broker with prime client names all given-up post-trade with a matching mechanism that applies a randomised pause to all order submissions, amendments and cancellations Currencies: Spot FX Trading in 13 US$ CCY Pairs, 10 €UR CCY Pairs, 3 GB£ CCY Pairs, 2 AU$ CCY Pairs, 2 NZ$ CCY Pairs & 1 CCY Cross with a minimum deal size of US$500K with increments of US$100K


  Business Potential


PresenceUnited Kingdom, Japan, Singapore, United States
MarketInvestment Banks, Commercial Banks,
Competition360T, BGC Partners/Fenics Euronext FX, FXAll, TP ICAP Information,
AvailabilityDirect from Tradition & ParFX
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