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Tradition S.A. And Large Banks Ready Launch Of Forex ECN ParFX

|Includes:Ameriprise Financial, Inc. (AMP), AMTD, BAC, BBD, BBVA, BCS, BGCP, BK, BMO, BNS, BTFRF, C, CM, CME, CS, DB, DJ, ETFC, FB, FTGI, FXCM, GCAP, GS, HSBC, IAPLF, IAPLY, IBKR, IGGRY, JPM, LUK

Appears to be large banks' answer to high-frequency traders on ICAP EBS.

Tradition logoFrance'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.

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.

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Stocks: AMP, AMTD, BAC, BBD, BBVA, BCS, BGCP, BK, BMO, BNS, BTFRF, C, CM, CME, CS, DB, DJ, ETFC, FB, FTGI, FXCM, GCAP, GS, HSBC, IAPLF, IAPLY, IBKR, IGGRY, LUK, JPM