FX Week

Tradition U.K. Adds Options Brokers Mulls Cross-Currency Options Desk

BROKERS

The currency options division of Tradition U.K., Tradition Financial Services (TFS), one of the largest foreign exchange options brokers in London, has recently added two more brokers to its desk, and is considering starting a separate cross rate options desk.

But Sam Saffadi, the manager of this division of Tradition U.K., which is in turn a subsidiary of Swiss-based Compaigne Finance Tradition, readily admits that new brokers alone have not solved all of the problems, nor isolated the desk