Tradition Receives High Marks in Annual Energy and Commodity Industry Poll
Finishes First in 17 Categories of Energy Risk and Risk Broker RankingsFebruary 11, 2010 - Tradition, a leading global interdealer broker and subsidiary of Compagnie Financiere Tradition, today announced the results of Energy Risk and Risk magazine's 2010 Broker Rankings. The firm received 17 first place awards in several energy and commodity sectors, and finished in the top three overall for oil, gas and precious metals.
Tradition's 2010 performance tops its results in 2009 when it garnered 14 first place awards, reflecting clients' choices among global dealers and brokers in over-the-counter energy and commodity markets.
"We are very pleased that Tradition has been consistently recognized by our peers and clients as an industry leader," said Larry Rosenshein, a managing director of Tradition and chairman of TFS Energy. "Despite the highs and lows of the OTC global energy and commodities market, Tradition remains focused on providing our clients with best-in-class service and execution, and we are grateful to them for recognizing this commitment."
In the U.S., Tradition's oil brokers took first place in the brokering of gasoline, gasoline options and residuals. The firm also finished first in Singapore jet kerosene, and in UK/European jet fuel options, fuel oil options, naptha and fuel oil cracks. Tradition's gas brokers took a number of first place spots in U.S. natural gas - location options, Henry Hub swaps and options, Nymex natural gas and shale (NGLs). Tradition's electricity brokers were also number one in Italy and Eastern Europe, while its weather derivatives brokers ranked first in both the U.S. and Europe.
In addition, the firm earned second place spots in U.S. domestic crude; U.S. distillates; UK/European crude Brent and Brent swaps; Singapore gas oil; Eastern and Western U.S. natural gas short- and long- term; Eastern and Western Canada natural gas; European Union ETS Allowances (EUA) options; Certified Emission Reductions (CERS) primary and secondary (CDM); CER options; U.S. coal; gold forwards; and silver options.
Media Contact
Jennifer Van Hofwegen, (212) 791-6491, jvh@tradition.com
About Tradition
Tradition is one of the world's largest interdealer brokers in the
over-the-counter financial and commodity-related products. Represented in 27 countries, Tradition employs 2,450 people globally.
Tradition is owned by Compagnie Financière Tradition (CFT) and listed on the Swiss stock exchange. www.tradition.com