TFS Takes 1st Place in Nine Energy Risk Broker Rankings
NEW YORK, January 25, 2006 - TFS, a leading interdealer broker and subsidiary of Compagnie Financière Tradition, today announced its results in Risk/Energy Risk's 2006 broker rankings that named TFS as the number two broker in energy globally. TFS took first place in US residuals, Singapore jet kerosene and gas oil, NYMEX natural gas, Western Canada natural gas, Eastern European electricity, US and European weather, and joint first place in UK fuel oil options. Additionally, the Company placed second in WTI, UK Brent swaps, UK jet fuel and jet fuel options, UK gas oil options, Eastern US natural gas long-term and natural gas options, Western US natural gas short and long-term, Western US natural gas options, US Henry Hub, US Coal, US emissions, gold cash to three months, gold options, silver cash to three months, silver options, silver forwards/averages & swaps to five years, and joint second place in European ETS. TFS placed third in UK Brent options, UK fuel oil, UK gas oil cracks, Eastern US natural gas short-term, European coal derivatives, research in oil, and gold forwards/averages & swaps to five years.
"We are pleased with this year's broker rankings. TFS came in close second as the overall leading energy broker. However, we are not satisfied. We have a long way to go by the standards we set ourselves," commented David Pinchin, CEO of TFS.