Job Moves: who is hiring and where*†
21 July 2015 | Financial Times | Robert Pickel, the former chief executive of Isda, has joined the board of the TraditionSEF, the US swap trading venue operated by Swiss interdealer broker Tradition.
Sef-traded NDFs grow, but less than 20% of overall flows*†
19 June 2015 | FX Week | In terms of total market share, BGC (26%) is followed by GFI with 18.8% and Tradition with 18.4%, while Icap and Tullett Prebon grab just over 16% of the market each. In NDFs, Icap leads the interdealer pack with 28%.
U.K. to Unveil Financial Market Reforms*†
9 June 2015 | The Wall Street Journal | While last look isn’t bad per se, it is contrary with this principle of stable and firm pricing, and potentially leaves the door open for disruptive trading practices to occur,” said Dan Marcus, chief executive at trading platform ParFX.
People: JP Morgan names co-heads of rates trading*†
5 May 2015 | Risk | Interdealer broker Tradition has appointed Bob Pickel as non-executive director to the board of TraditionSef, the swap execution facility operated by the firm in the US.
Tradition Appoints Former ISDA CEO to TraditionSEF Board*†
17 April 2015 | Profit and Loss | Robert Pickel, the former chief executive of the International Swaps and Derivatives Association (ISDA), has joined Tradition as non-executive director to the board of TraditionSEF, the swap execution facility operated by the interdealer broker in the US.
Tradition appoints Robert Pickel to TraditionSEF Board*
17 April 2015 | Automated Trader | Robert Pickel, the former chief executive of the International Swaps and Derivatives Association (ISDA), has joined Tradition as non-executive director to the board of TraditionSEF, the swap execution facility operated by the interdealer broker in the US.
Former Isda chief joins derivatives venue board*†
16 April 2015 | Financial News | Robert Pickel, the former chief executive of the International Swaps and Derivatives Association, has joined interdealer broker Tradition’s swap execution facility as a member of its board, as US authorities consider revisiting the rules on how such venues operate.
Pressure builds on CFTC to outlaw post-trade name give-up*†
3 April 2015 | Risk | Post-trade name give-up, where counterparty names are revealed to each other after a trade is complete, is a feature of swap execution facilities (Sefs) operated by interdealer brokers, such as BGC Partners, GFI Group, Icap, Tradition and Tullet Prebon.
Swaps: Real Price Transparency Marks a New Benchmark*
5 February 2015 | Tabb Forum | As a measure of progress, Tradition (via its SEF platform) executes 95% of its IRS business through the Trad‐X CLOB – executing on prices displayable to its customer base via screens, API access and interaction with its voice brokers.
Tradition bolsters senior ranks with three hires*†
2 February 2015 | FX Week | Wilson becomes managing director and Torrey joins strategic development at Tradition, while Mountain will lead North American business development for Trad-X.
