Tradition Adds Spot FX with TraFXpure Platform
![zurich-vier-kirchen zurich-vier-kirchen](/sites/default/files/styles/landscape_750_463/public/import/IMG/819/165819/zurich-four-churches-580x358.jpg.webp?itok=1o4boy6O)
Switzerland-based electronic trading platform provider Tradition has announced a new platform for spot foreign exchange (FX) trading, to be called traFXpure, that will be supported by a number of major sell-side institutions including Barclays, BNP Paribas, Deutsche Bank, Royal Bank of Scotland, and UBS.
Tradition says the new platform will support spot FX in major continuous linked settlement (CLS) currencies, operate through a standard FIX application programming interface (API), use execution logic and uniform pricing to ensure fair trading competition, and fully disclose counterparties post-trade.
"Deutsche Bank supports competition, innovation and transparency in the spot FX market. Reductions in trading costs and the provision of low-cost market data will be of great benefit to our end-user clients. We look forward to supporting traFXpure as it works to achieve these aims for all market participants," says Zar Amrolia, the bank's global head of foreign exchange.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Trading Tech
Facing platform shutdown, former IEX Cloud head buys its assets in 11th-hour bid
Tim Baker, Pedro Aguayo, and a silent partner have come together to purchase IEX Cloud’s assets days before the exchange was to retire all its products on August 31.
Recent volatility highlights tech’s vital role in fixed income pricing
MarketAxess’ Julien Alexandre discusses how cutting-edge technology is transforming pricing and execution in the fixed income market amid periodic bouts of volatility
Banks fret over vendor contracts as Dora deadline looms
Thousands of vendor contracts will need repapering to comply with EU’s new digital resilience rules
Where have all the exchange platform providers gone?
The IMD Wrap: Running an exchange is a profitable business. The margins on market data sales alone can be staggering. And since every exchange needs a reliable and efficient exchange technology stack, Max asks why more vendors aren’t diving into this space.
This Week: Trading Technologies completes ANS deal; State Street; Equinix; and more
A summary of the latest financial technology news.
Interactive Brokers looks beyond US borders for growth opportunities
As retail trading has grown in volume and importance, Interactive Brokers and others are expanding international offerings and marketing abroad.
JP Morgan’s goal of STP in loans materializes on Versana’s platform
The accomplishment highlights the budding digitization of private credit, though it’s still a long road ahead.
As data volumes explode, expect more outages
Waters Wrap: At least for those unprepared—though preparation is no easy task—says Anthony.