Tradition Debuts Long-Awaited ParFX Platform

Daniel Marcus at Tradition
Dan Marcus, Tradition.

Tradition was contracted by FX Pure and a group of associated banks last year to build out the platform, which aims to reduce technological advantage in spot trading. ParFX allows for trading in all currencies that are settled through Continuous-Linked Settlement (CLS), the program overseen by CLS Group that aims to mitigate settlement, or Herstatt, risk in FX transactions.

"ParFX's unique execution logic is specifically designed to help create a genuinely level playing field for all

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