Tradition Receives High Marks in Annual Energy and Commodity Industry Poll
February 11, 2010
Stamford, CT (February 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: Scott Merrell, (713) 609-9922, smerrell@traditionenergy.com
About Tradition Energy
Tradition Energy is one of the world’s largest energy management advisors, helping commercial, industrial and governmental organizations manage electricity and natural gas costs in regulated and volatile deregulated energy markets. Tradition Energy is the retail arm of Tradition’s (formerly TFS) award-winning wholesale energy brokerage division, with eight offices worldwide, over 300 energy specialists, and in the energy business since 1986. Recently, Tradition garnered 17 first place awards in Energy Risk and Risk magazine’s 2010 Broker Rankings. Globally, Tradition is a leading inter-dealer broker in financial and commodity-related products with a presence in 27 countries and over 2,400 employees. For more information, please visit www.traditionenergy.com.
###



