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2016-01-27

Compagnie Financière Tradition : ParFX launches trading in Hungarian forint

Compagnie Financière Tradition / Compagnie Financière Tradition : ParFX
launches trading in Hungarian forint. Processed and transmitted by NASDAQ OMX
Corporate Solutions. The issuer is solely responsible for the content of this
announcement.
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| Press Release |
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|Lausanne, 27 Juanuary 2016 |
| ParFX launches trading in Hungarian forint |
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|Industry-backed platform also introduces additional CLS currency pairs |
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|ParFX, the wholesale electronic trading platform, today expanded the number of |
|currencies offered on its platform with the addition of the Hungarian forint |
|(HUF). |
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|In recent years, the Hungarian forint has become increasingly popular among |
|the global FX trading community, with approximately 90% of Hungarian forint |
|trades executed outside of Hungary's domestic borders. According to the Bank |
|for International Settlements, it is one of the 25 most actively traded |
|currencies in the world.[1] |
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|The introduction of EUR/HUF to ParFX follows the recent addition of the forint |
|to the CLS settlement system, and has been welcomed by the platform's growing |
|customer base. |
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|ParFX also announced the addition of a number of CLS-eligible currency pairs, |
|with AUD/JPY, NZD/JPY, USD/SEK, USD/NOK and USD/DKK being introduced |
|alongside EUR/HUF. |
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|Dan Marcus, CEO of ParFX, comments: "The addition of the Hungarian forint and |
|other currency pairs is in line with our aim to increase ParFX's global reach |
|- both in terms of the range of participants and currencies traded. The HUF |
|in particular has been identified as a currency with considerable growth |
|potential, and there is strong interest from customers to trade it in the |
|fair and transparent environment offered by ParFX." |
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|Gary Harcombe, Senior Spot Emerging Markets Trader at UBS, comments: "The |
|Hungarian forint has met a number of important milestones in recent years, |
|becoming one of the world's top 25 most traded currencies, and more recently, |
|gaining eligibility for CLS settlement. Its inclusion reduces the risk and |
|funding required to trade the forint and lays the foundations for further |
|growth. There is strong appetite amongst foreign exchange investors to trade |
|the HUF. |
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|"ParFX has a number of features that differentiate its offering and we believe |
|it offers an ideal environment for execution and stable liquidity, |
|particularly for a fast-growing international currency." |
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|[1]2013 Triennial Central Bank Survey |
| ABOUT ParFX |
| 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 randomised |
|pause to all order elements: |
|amendments, cancellations and confirmations |
|. This firms liquidity by creating a genuinely level playing field for all |
|participants regardless of location, technological sophistication or |
|financial strength. |
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|Other benefits include: |
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| * Enhanced trade cycle transparency - lit pre-trade, full disclosure |
| post-trade |
| * Low-cost and easy access through industry-standard FIX protocol API |
| * Democratic incorporation of trading costs into actual transaction |
| * Transparent trading pricing set equally for all users |
| * At-cost market data distributed in parallel to all active participants |
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|ParFX is open to all professional institutions able to settle via CLS and |
|provides those participants with a genuine customer need to trade with a |
|low-cost, convenient and equitable venue for sourcing FX liquidity in |
|CLS-eligible currency pairs. |
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|ParFX has been designed by Tradition, one of the world's largest interdealer |
|brokers in over-the-counter financial and commodity-related products, in |
|conjunction with a group of the world's leading FX banks. |
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|www.parfx.com |
| ABOUT TRADITION |
| Compagnie Financière Tradition SA, one of the world's largest interdealer |
|brokers in over-the-counter financial and commodity related products. |
|Represented in 28 countries, Compagnie Financière Tradition SA employs 2,200 |
|people globally and its activities are overseen by global regulators |
|including the FCA, SEC and CFTC. Compagnie Financière Tradition SA is listed |
|on the Swiss stock exchange. For more information, please visit |
|www.tradition.com. Tradition and ParFX are registered trade marks of Compagnie |
|Financière |
|Tradition S.A. |
| MEDIA CONTACTS |
| Nick Murray-Leslie/Ataur Rahman |
|Chatsworth Communications |
|+44 (0)20 74409780 |
|tradition@chatsworthcommunications.com |
| |
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CFT_Press release
http://hugin.info/133362/R/1981441/725951.pdf

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Compagnie Financière Tradition via Globenewswire

HUG#1981441

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