Tradition, one of the world's largest interdealer brokers in over-the-counter commodity and financial products, has hired three experienced market structure professionals to expand its thriving hybrid and electronic businesses.
John Wilson will become Managing Director within Tradition's Strategy and Business Development unit. A widely respected market professional for over 20 years, John will play a central role in all aspects of Tradition's strategic, hybrid and electronic initiatives globally.
Prior to joining Tradition, John was Global Head of OTC Clearing at both Newedge and RBS. With extensive buy and sell-side experience, he has represented the industry in EU discussions in relation to cross-border regulatory proposals such as EMIR, and is a former member of numerous industry and market infrastructure Steering Committees and Working Groups around the globe.
Dan Torrey will become a key member of Tradition's strategic development team. Previously Head of Sales for Americas at EBS, Dan will use his considerable market experience to assist with the development of Tradition's electronic trading initiatives, including its nascent spot FX trading platform ParFX.
In his previous role, Dan oversaw a diverse range of client segments and products across the Americas regions, including spot FX, NDFs, precious metals and market data. He was also responsible for new business and relationship management across the sell-side and buy-side.
Rob Mountain has also been hired to lead the North American business development division of Trad-X, Tradition's hybrid interest rate swaps trading platform. Rob has previously held senior client service positions at both BGC Partners and State Street, and will oversee client services and interaction on Trad-X to ensure the platform continues to deliver completely in line with market requirements.
Mike Leibowitz, COO at Tradition, said: "Tradition is delighted to be making these strategic hires. In recent years, we have significantly strengthened our multi-asset e-trading and hybrid offerings. These recent hires show our appetite to continue to invest and play a leading role in a future shaped by regulatory reform, customer demand and macroeconomic factors.
Dan Marcus, Global Head of Strategy and Business Development at Tradition adds: "Tradition is dedicated to designing and implementing solutions in line with market expectations. Understanding our customers' needs, accompanied by the ability to innovate, has enabled us to succeed to date. We look forward to John, Dan and Rob playing keys roles in enhancing and growing our trading solutions across our entire client base."