TraditionData On Hiring Spree
Posted by Colin Lambert. Last updated: October 6, 2024
Interdealer broker Traditon’s data arm has gone on a global hiring spree as the business seeks to deliver on its ambitions to become a dominant player in the space.
Chris Dearie joins TraditionData as chief operating officer while Susana D’Elia Lago has been appointed team lead of market data customer support based in Madrid and Chris Leonard as head of data quality.
In the Asia Pacific region, Danny Lee joins as head of sales for APAC, Jackey Chong steps in as regional head of sales for Southeast Asia and Australia, based in Singapore and Clarins Ng has become regional head of account management for North Asia, based in Hong Kong.
“As we take this business to the next level, my focus now is on the operational and the structural side, adding more data content and enhancing the range of support & services we provide to our customers,” Scott Fitzpatrick, TraditionData’s chief executive tells The Full FX in an interview.
“The appointment of Chris at this juncture speaks to that strategy and tells the industry how serious we are about our ambitions and plans to provide the best data and service-based business possible in our field,” he adds.
Dearie’s appointment comes just months after the hire of Brunt amid a reshuffle at the senior ranks that saw James Watson step away from his role after seven years. Fitzpatrick said that after the initial rapid growth supervised by Watson, Brunt was brought in from rival GF, where he spent over a decade, to oversee the expansion of TraditionData’s sales efforts.
Dearie also has a long history of working for interdealer brokers on their data offerings, having occupied senior positions at Reuters, Tullett Prebon and Icap. His latest role was deputy CEO at Parameta Solutions.
His task will be to build out TraditionData’s offering into new areas, away from just pricing data. Dearie tells The Full FX that as an IDB, the company has unique data sets that have not yet been commercialised while new technologies such as the rise of AI, tokenization and large language models will further fuel demand.
“The opportunity is writ large,” Dearie says. “Tradition has some enormously valuable franchises. They are a global leader in many product areas such as rates, energy & commodities and FX options. They have an enormous franchise in the Asia Pacific region.
“One of the things that really does differentiate broker data from many other types of data is its breadth and depth and complexity. So I think where Tradition is just now, it’s a very good place to start surfacing some of that capability,” he adds.