Tradition Receives Top Marks in Industry's Largest Poll; Takes First Place in 14 Categories in Energy Risk and Risk's Commodity Broker Rankings
February 11, 2009 - Tradition, a leading global interdealer broker, today announced the results of Energy Risk and Risk magazine's 2009 Commodity Rankings, where they received 14 first place awards in several commodity sectors. In the energy markets, Tradition was, once again, one of the top three brokers overall. These annual rankings reflect clients' top choices among global dealers and brokers in the over-thecounter energy and commodity markets.
"We are very pleased with our results, emerging on top in several categories despite this very challenging and competitive market. This clearly reflects our team's dedication and hard work in maintaining our high standing," said David Pinchin, Tradition's COO.
Tradition is particularly proud of its first place finish in U.S. Henry Hub swaps and options and NYMEX natural gas. Tradition also took first place in brokering U.S. heating oil options, Singapore jet kerosene and gas oil, Western Canada natural gas, Italy and Eastern Europe electricity, U.S. and European weather derivatives, global weather derivatives temperature, dry freight (FFAs), secondary CERS (CDM) and U.S. voluntary emissions reductions.
In addition, the firm landed second place spots in the brokering of U.S. heating oil, gasoline, residuals, gasoline options, UK/Europe Naphtha, Eastern US long-term natural gas, Eastern and Western U.S. natural gas options, Western U.S. short-term and long-term natural gas, Eastern Canada natural gas, Germany electricity and U.S. and Asia coal. In metals and other types of commodities, Tradition was also ranked second in gold spots, options and forwards, silver spots, options and forwards, platinum and palladium options, EUA Options, primary CERS (CDM) and U.S. renewable energy certificates.
"We would like to extend our heartfelt thanks to our loyal clients for their continued support and for recognizing our top notch service," Mr. Pinchin noted.
Media Contacts
Jennifer Van Hofwegen, Tradition
+ 1.212.791.6491
jvh@tfsbrokers.com
Gemma Hart, Brunswick Group
+ 1.212.333.3810
ghart@brunswickgroup.com
About Tradition
Tradition is one of the world's largest interdealer brokers in the
over-the-counter financial and commodity-related products. Tradition is
represented in 26 countries and has approximately 3,000 institutional clients.
It employs 2,250 people globally, including 1,450 brokers. Tradition is owned by
Compagnie Financiere Tradition (CFT), which is listed on the Swiss Stock
Exchange. www.tradition.com