Tradition launches ParFX, aims to topple EBS and Thomson Reuters

Campbell Adams at FX Pure

Interdealer broker Tradition has announced the launch of ParFX, its new spot foreign exchange trading platform.

Almost three years after the FX Pure project was first conceived – garnering the support of 11 founder banks, including Deutsche Bank, Barclays, UBS, Morgan Stanley and Standard Chartered, and receiving a name change in February – the platform is now open to all banks able to settle via CLS.

ParFX’s architects at Tradition, which provided the technology and resources to bring ParFX to

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