Tradition Securities and Futures Revenue and Competitors

Tradition,\r\nOne of the world’s largest Interdealer Broker \r\n\r\n\r\nWith a presence in 27 countries, Compagnie Financière Tradition SA is one of the world’s leading interdealer brokers (IDB). The Group provides broking services for a complete range of financial and non-financial products. Compagnie Financière Tradition is listed on the SIX Swiss Exchange.\r\n\r\nTSAF and TSAF OTC, two French subsidiaries of Compagnie Financière Tradition, have been active for many years in most segments of the financial markets, offering broking services to institutional customers.\r\n\r\n\r\n\r\nTSAF and TSAF OTC,\r\nHigh quality service on a comprehensive range of products \r\n\r\n\r\nTSAF operates in the regulated markets, covering both equities and derivative products. It is a member of all the major regulated markets in Europe and the United States, with access to the principal sources of liquidity. The Company's teams are based in Paris and London.\r\n\r\nTSAF OTC is a Paris-based specialist in OTC (over-the-counter) markets, offering customers substantial liquidity in a very broad range of products.\r\n\r\nTSAF and TSAF OTC are acknowledged leaders in their respective sectors, with very substantial trading volumes and extensive customer portfolios. They provide essential market insight, innovative ideas, and rapid order execution, coupled with outstanding service on a comprehensive range of products.