Julian Harding

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Julian Harding
Julian Harding.jpg
Occupation Executive Director
Employer Tradition

Julian Harding is an executive director of Tradition, one of the world's largest interdealer brokers in over-the-counter financial and commodity related products.[1] Harding is a founding board member of the Wholesale Markets Brokers' Association (WMBAA),[2], a consortium of interdealer brokers that organized in 2009 to promote industry standards and policy. On February 5, 2013, he was named chairman of theWMBAA, after serving as vice chairman in 2012.[3] Harding previously served as chairman of the WMBAA in 2010, as the chairmanship rotates among the member firms every 6 months.[4]

He founded Tradition Financial Services in 1985 and served as co-CEO, before stepping down to a consulting role in 2008.

Background

Harding is a veteran over-the-counter market executive. He began his career as a forex and deposits dealer at Société Générale in London in 1978. In 1981, he moved to International Treasury Management, a subsidiary of Marine Midland Bank. In 1985, Harding, along with David Pinchin and Compagnie Financière Tradition, created Tradition Financial Services.[5]

John Lothian News Interview

OTC Brokers vs. Exchanges and the Futurization of Swaps from Julian Harding of Tradition
The OTC markets are facing headwinds these days, says Julian Harding, executive director, Tradition. In an interview with former John Lothian News Editor-at-Large Doug Ashburn at 2012 SEFCON III, Harding says the decisions this fall by Intercontinental Exchange (ICE) and the CME Group to convert energy swaps into futures contracts has led power and gas commercial counterparties to switch their trading operations from OTC to futures. That’s bad news for the OTC space, which by some estimates has seen volumes drop an estimated 33 percent in 2012, according to one estimate at the recent SEFCON event in New York. Harding says decreased volumes are led in large part by the ongoing uncertainty about swaps regulations. Here’s what’s next for the OTC energy brokerage space in terms of regulation, consolidation and futurization.

Education

References

  1. WMBAA names Tradition’s Harding as chairman. Financial Times.
  2. SEFCON II Bios & Photos. Wholesale Market Brokers' Association.
  3. WMBAA appoints new leaders. The Trade News.
  4. WMBAA names Tradition’s Harding as chairman. Financial Times.
  5. Julian Harding. BusinessWeek.