Two more banks support Tradition's FX platform
Tradition said The Bank of Tokyo MitsubishiUFJ and Nomura Securities have both added their names to the list of founders, further substantiating the des
ire of the wholesale spot FX market to operate a new way of trading. The two banks join an existing group of nine founder members - Barclays, BNP Paribas, Deutsche Bank, Morgan Stanley, Royal Bank of Canada, SEB, Standard Chartered, State Street and UBS - who believe that the platform will greatly benefit the market with an offering that is focused on delivering equality and efficient execution for all participants.
In addition, Tradition also announced that the platform will operate under the recently formed company name 'ParFX' a wholly-owned subsidiary within the Tradition group
Story provided by StockMarketWire.com