Tradition's revenue numbers surprisingly decline in all areas but in Japan to open up 2013. Compagnie Financière Tradition (or "Tradition"), a leading interdealer broker which also owns stakes in retail FX firms FXDD (a member of LeapRate's Approved List of global regulated FX brokers) and Gaitame of Japan, reported their Q1 revenue results today, which…
Read moreFirst major (planned) competitor to FXall, EBS, Hotspot FX et al to actually launch. France's Tradition S.A. today announced the formal launch of ParFX, its new spot FX ECN. The launch follows a period of testing with many global banks and independent software vendors. The platform is now open to all banks able to settle via…
Read moreBNY Mellon joins FXCM and Credit Suisse, becomes both an owner and client of FastMatch. BNY Mellon announced that it has taken an ownership stake in the new Forex ECN FastMatch, joining FXCM and Credit Suisse in the ownership group. FastMatch and Tradition et Cie's ParFX are vying to compete with the existing incumbents in…
Read moreAdds Mitsubishi UFJ and Nomura as liquidity banks. France's Tradition S.A. announced that two leading Japanese banking groups, Mitsubishi UFJ and Nomura, are joining nine other banks (Barclays, BNP Paribas, Deutsche Bank, Morgan Stanley, Royal Bank of Canada, SEB, Standard Chartered, State Street and UBS) in backing Tradition's yet-to-be-launched spot Forex ECN, to be called ParFX. Tradition had previously…
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