Tradition/ParFX

  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

  Website Analysis

  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