Gerald Segal is a Managing Director at LeapRate, which provides analysis of the Online Forex Trading world. Gerald's reports are a leading source of information on the size, growth and regulation of the Online Forex industry. Prior to founding LeapRate Gerald was an investment banker for 18... More
Appears to be large banks' answer to high-frequency traders on ICAP EBS.
France's Tradition S.A. announced that two leading Japanese banking groups, Mitsubishi UFJ and Nomura, are joining nine other leading banks (Barclays, BNP Paribas, Deutsche Bank...) in backing Tradition's yet-to-be-launched spot Forex ECN, to be called ParFX. Tradition had previously named the venture TraFXpure.
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Tradition S.A. And Large Banks Ready Launch Of Forex ECN ParFX 0 comments
Appears to be large banks' answer to high-frequency traders on ICAP EBS.
For more details see LeapRate's Forex Industry News at leaprate.com.
For more on the global Forex industry see the LeapRate-Dow Jones Forex Industry Report.
Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.
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