Former SoGen Exec Emmanuel Smiecench Lands at Tradition’s Trad-X Unit
- Nearly one year after parting ways with Societe Generale last year, Mr. Smiecench has landed at Tradition's OTC unit, Trad-X.

Emmanuel Smiecench, a former Managing Director of Societe Generale, has landed at inter-dealer broker Tradition, roughly one year after parting ways with the lender, Finance Magnates has learned.
Mr. Smiecench left Societe Generale back in January of last year, relinquishing his role as the Managing Director on the Sovereign, Supranational and Agency Syndicate Desk. The role at the lender was one of several he held at Societe Generale during his time with the group, which dated back to 1998.
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Additional stints include the Head of Trading Agencies and Covered Bonds as well as Trader Agencies with Societe Generale, part of a career spanning 18 years with the group. In his new role at Tradition, Mr. Smiecench will join the group’s Trad-X platform – he will be tasked with lending his input to its design, construction and overall governance of its pricing schedule for the primary market, according to a recent Reuters report.
Trad-X is Tradition's multi-asset class trading platform for over-the-counter (OTC) derivatives – the platform helps offer Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term and Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term solutions for brokers.
Tradition recently made headlines late last month after it reported its financial results for the 2015 calendar year. The company revealed weak Q4 2015 results, having come in at CHF 814.5 million, down -2.7% at currency exchange rates when compared to last year’s CHF 837.5 million – interestingly, revenues from its Japanese forex unit had spiked higher however.
Emmanuel Smiecench, a former Managing Director of Societe Generale, has landed at inter-dealer broker Tradition, roughly one year after parting ways with the lender, Finance Magnates has learned.
Mr. Smiecench left Societe Generale back in January of last year, relinquishing his role as the Managing Director on the Sovereign, Supranational and Agency Syndicate Desk. The role at the lender was one of several he held at Societe Generale during his time with the group, which dated back to 1998.
Test your knowledge, win a prize! Take the Finance Magnates quiz...
Additional stints include the Head of Trading Agencies and Covered Bonds as well as Trader Agencies with Societe Generale, part of a career spanning 18 years with the group. In his new role at Tradition, Mr. Smiecench will join the group’s Trad-X platform – he will be tasked with lending his input to its design, construction and overall governance of its pricing schedule for the primary market, according to a recent Reuters report.
Trad-X is Tradition's multi-asset class trading platform for over-the-counter (OTC) derivatives – the platform helps offer Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term and Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term solutions for brokers.
Tradition recently made headlines late last month after it reported its financial results for the 2015 calendar year. The company revealed weak Q4 2015 results, having come in at CHF 814.5 million, down -2.7% at currency exchange rates when compared to last year’s CHF 837.5 million – interestingly, revenues from its Japanese forex unit had spiked higher however.