ParFX Named e-FX Initiative of the Year by FX week


ParFX, the wholesale electronic trading platform delivering renewed transparency and equality in global spot FX, has received FX Week’s coveted e-FX initiative of the year award for its efficient, transparent and versatile solution to spot FX trading.



ParFX, the wholesale electronic trading platform delivering renewed transparency and equality in global spot FX, has received FX Week’s coveted e-FX initiative of the year award for its efficient, transparent and versatile solution to spot FX trading.

At the request of and designed by the market, ParFX was developed specifically by Tradition to address disruptive trading behaviour that was damaging confidence and efficiency in electronic FX markets. ParFX was chosen by FX Week’s independent panel of judges for delivering a transparent professional trading platform that met the demands of the industry by offering a level playing field with the same trading opportunities for all participants, regardless of financial strength or technological sophistication.

Dan Marcus, CEO at ParFX comments, “Receiving this award is a great honour and is testament to the significant impact ParFX has had on the industry in a short space of time. Since the launch of ParFX, the FX market now has an ecology where there is far more certainty of trade – where participants can exchange currency risk at the best price in an environment that treats all participants equally. The demand for an alternative was clear, and we look forward to continuing to deliver a fair and efficient trading environment to meet the needs of a rapidly evolving FX industry.

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Developed for the market, by the market, ParFX is a new wholesale electronic trading platform designed to bring renewed transparency and equality to global spot FX. The platform’s unique matching mechanism applies a randomized pause to all order submissions, amendments and cancellations. This firms liquidity by creating a genuinely level playing field for all participants regardless of technological sophistication or financial strength.