Case Study: Tradition safeguards fairness and gains real-time trading visibility on ParFX and Trad-X with Corvil

Safeguarding fairness on Tradition’s ParFX and Trad-X platforms

Tradition, a leading interdealer broker operating the ParFX spot-FX platform and the multi-asset Trad‑X venue, needed to ensure consistent, equitable order processing and gain superior visibility into platform performance. The firm sought independent, real‑time analytics to prove that all traders were treated equally and to monitor key trading metrics across its infrastructure.

Tradition selected Corvil to provide end‑to‑end performance insights, delivering real‑time metrics such as latency, fill‑rate, order/cancel ratios and message statistics plus multi‑hop latency analysis. The solution enabled proactive troubleshooting and capacity planning, gave trading, operations and network teams a single source of truth, exposed rich data via APIs for future analytics, and improved monitoring and confidence to extend the approach across other business lines.

Tradition

Yann L’Huillier

Group CIO, Tradition