Tradition buys stake in Singapore brokerage

Friday 28 January 2005 at 16:00

Compagnie Financiére Tradition, the Lausanne-based moneybroker, has taken a 35% stake in Ong First, a Singapore-based futures broker in a further bid to expand its geographical reach.

The move follows Tradition's December announcement of its plans to acquire the Chapdelaine Companies, a group of US fixed income and credit brokerages.