Adams has left Tradition’s ParFX where he was head of market.
played a central role in the development of ParFX as it was his concept of the
randomised “speed bump”, or a non-deterministic pause before an order is placed
into the matching engine, that drove the initial project – Pure FX – that ultimately
joined Tradition when the brokerage firm took over control of what was then
named TraFXPure from a consortium of banks that had funded the initial
development phases under Adams’ direction.
his work on the Pure project Adams worked at EBS – he also held trading roles
at Citi, Morgan Stanley, Deutsche Bank and BP.
familiar with the issue tells Profit
& Loss that Adams’ departure is a result of his planned task at Tradition
– bringing ParFX fully up to speed and fully operational in both technology and
product terms – coming to a conclusion. The source adds that Adams is likely to
return to the industry in a new role.