TraFXpure open-access model aims to eliminate tech-based competition

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Following months of underhand negotiations on the part of the largest foreign exchange banks, the unveiling yesterday of traFXpure, a new bank-backed spot trading platform set for launch by year-end, has led to questions over the intrinsic purpose of the venture.

All five banks backing the initiative – Barclays, BNP Paribas, Deutsche Bank, Royal Bank of Canada (RBC) and UBS – declined to comment beyond the official announcement. But according to Tradition, the interdealer broker selected by the

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