Scott Fitzpatrick Email & Phone Number

Greater New York City Area

As a result of regulatory reform driven by the U.S. Commodities Futures Trading Commission (CFTC), any “multiple-to-multiple” intermediary in CFTC regulated Swaps were required to register as Swap Execution Facilities. Core Principles as set forth in the CFTC’s Part 37 Core Principles for Swap Execution Facilities had to be met in order to continue to facilitate transactions in these products in the U.S. or globally when “US Persons” are involved.In response to these requirements… Show more As a result of regulatory reform driven by the U.S. Commodities Futures Trading Commission (CFTC), any “multiple-to-multiple” intermediary in CFTC regulated Swaps were required to register as Swap Execution Facilities. Core Principles as set forth in the CFTC’s Part 37 Core Principles for Swap Execution Facilities had to be met in order to continue to facilitate transactions in these products in the U.S. or globally when “US Persons” are involved.In response to these requirements, Compagnie Financiere Tradition (CFT) registered Tradition SEF Inc. (a wholly owned subsidiary) with the CFTC and was subsequently granted status as a Temporarily Registered Swap Execution Facility in September of 2013.My role as CEO of Tradition SEF Inc. requires that I ensure that as an intermediary to transactions in OTC derivatives trading markets globally, involving US Persons across all five primary asset classes, we provide a service that is compliant, efficient and competitive in today’s new financial market structure. Working closely with Traditions global executive management team, the Tradition SEF Board and our Legal, Finance and Compliance functions I must ensure that we meet and, where possible exceed, all expectations put before us by our customers, the industry, and regulators.Utilizing a combination of market leading electronic trading platforms with skilled voice brokers we have developed a highly sophisticated “hybrid” liquidity management and execution model to ensure maximum efficiency when trading through our SEF. Working collaboratively with our SEF strategic advisory group, populated by internal business heads and non-exec directors, and with senior members of our customer base and US market regulators this hybrid strategy has very quickly established Tradition SEF as an innovative market leader in this new regulatory landscape resulting in trading volumes that regularly see us in market leading positions relative to those of our key competitors. Show less

New York City Metropolitan Area

Globally responsible for the on-going development of Traditions commercial data strategy.

United States

The Wholesale Markets Brokers Association Americas (www.wmbaa.com) is an independent industry body representing the largest global Wholesale brokers operating across a broad range of financial products. Formed in 2008 as a result of the developing financial crisis, the intent of the Association was to work closely with all elements of the financial markets industry and the associated regulatory and government bodies to develop resolutions to the identified market issues and build a new… Show more The Wholesale Markets Brokers Association Americas (www.wmbaa.com) is an independent industry body representing the largest global Wholesale brokers operating across a broad range of financial products. Formed in 2008 as a result of the developing financial crisis, the intent of the Association was to work closely with all elements of the financial markets industry and the associated regulatory and government bodies to develop resolutions to the identified market issues and build a new market structure for the future of the OTC financial markets. Our member firms have developed a set of Principles for Enhancing the Safety and Soundness of the Wholesale, Over-The-Counter Markets. Using these Principles as a guide, we continue to work with Congress, regulators, and key public policymakers on future regulation and oversight of over-the-counter (OTC) markets and their participants. By working with regulators to make OTC markets more efficient, robust and transparent, the association sees a major opportunity to assist in the monitoring and consequent reduction of systemic risk in the global capital marketsAs a Board Member of the WMBAA I have contributed to Association Position Papers on financial regulatory reform and discuss “living” OTC market issues on a continual basis with fellow Board members and senior ranking officials within the CFTC, SEC and Congress. I have also participated on a number of occasions as an expert witness on the CFTC’s Technology Advisory Committee and participated on discussion panels at several leading industry events discussing the global financial markets structure and the impacts of regulatory reform. Show less

New York, Ny

Working closely with the global Exec Management team and the business heads to help formulate a business strategy that will ensure that Tradition remain a leading intermediary in the global markets.Main activities in this role are :• As part of Traditions management team, I work closely with our internal business units and e-Commerce teams to help develop a strategy that will best prepare Tradition for coming regulatory reform in all geographical regions, giving Tradition an… Show more Working closely with the global Exec Management team and the business heads to help formulate a business strategy that will ensure that Tradition remain a leading intermediary in the global markets.Main activities in this role are :• As part of Traditions management team, I work closely with our internal business units and e-Commerce teams to help develop a strategy that will best prepare Tradition for coming regulatory reform in all geographical regions, giving Tradition an advantage in a revised market structure, versus that of our competitors• Following developments in US and European Regulatory reform. To understand the process by which reform takes place, develop an understanding of the likely outcome of the EU MiFIR/MiFID/EMIR and Dodd Frank Rule making. Show less

London, United Kingdom

The Wholesale Market Brokers Association is the industry body formed to protect the interests and enhance the perception of the EU wholesale broker community. Member firms support a product base covering cash and derivative markets in Credit, Fixed Income, Equities, Financials and Commodities.In addition to my current role as Client Relations Director at GFI, I am a Director & Board member of the WMBA. In this capacity, I attended several of the original Working Group sessions on the… Show more The Wholesale Market Brokers Association is the industry body formed to protect the interests and enhance the perception of the EU wholesale broker community. Member firms support a product base covering cash and derivative markets in Credit, Fixed Income, Equities, Financials and Commodities.In addition to my current role as Client Relations Director at GFI, I am a Director & Board member of the WMBA. In this capacity, I attended several of the original Working Group sessions on the re-structuring of the Credit Derivative markets organised and run by the EU Commission. I have been directly involved in substantial lobbying efforts on behalf of the Wholesale Market Brokers and our role within the global OTC Derivatives Markets. This has included exposure to many industry Trade Association groups (incl : ISDA, FOA, AFME, EPDA), UK Regulators and staff from the EU Commission, EU Parliament and EU Council. Show less

London, Uk

As part of GFI's global management team I worked closely with all aspects fo the business to assist in the development of a strategy that would ensure continued global success for the business in the wake of regulatroy reform facing the financial markets.Core elements of this role :To understand the process of global regulatory reform and how the impending changes may affect the role of an Wholesale Market Broker.Represent GFI's interest via the WMBA in lobbying efforts… Show more As part of GFI's global management team I worked closely with all aspects fo the business to assist in the development of a strategy that would ensure continued global success for the business in the wake of regulatroy reform facing the financial markets.Core elements of this role :To understand the process of global regulatory reform and how the impending changes may affect the role of an Wholesale Market Broker.Represent GFI's interest via the WMBA in lobbying efforts into the EU Commission, EU Parliament and London based reglatory and government bodies.Report back findings internally and contribute to discussions on how the business strategy should develop based on our understanding of progress/chaneg and timing of the reform process.In addition to the above I was directly responsible for the negotiation of GFI's global brokerage rates in CRedit, Financials, Equities and Commodities. Show less

Greater New York City Area

Directly responsible for all aspects of GFI’s FENICS, and Market Data Business.Headquartered in New York, I managed the global business with offices in London, Tokyo, Singapore, Hong Kong and Sydney.My responsibilities in this role included :• Managing the full P&L for the business.• Working with my regional heads of Sales, Business Analysis & Support, via a Strategy Council, to set the product strategy based on client demand, market changes through competition etc… Show more Directly responsible for all aspects of GFI’s FENICS, and Market Data Business.Headquartered in New York, I managed the global business with offices in London, Tokyo, Singapore, Hong Kong and Sydney.My responsibilities in this role included :• Managing the full P&L for the business.• Working with my regional heads of Sales, Business Analysis & Support, via a Strategy Council, to set the product strategy based on client demand, market changes through competition etc and technology capabilities.• Working with GFI’s core Technology Group to implement a Development plan based on outcomes from Strategy Council meetings.• Working with broker heads to assess and discuss the demand and availability of data for our Market Data business.• Developing and managing partner relationships both in the FENICS and Market Data businesses.• Working with GFI’s core Marketing team to develop and implement a global market strategy for each of our products. Show less

Greater New York City Area

Responsible for the full P&L of GFI's US FENICS and Market Data business. Including, Sales & Support, Marketing, Regional Partnerships and PR.Contributed heavily to the global Business and Product Strategy for both aspects of the business.