Interdealer broker Tradition has announced the appointment of a new team of brokers and a joint venture with ship broking company Galbraith's as part of a strategic entry into tanker derivatives market.

The FFA team will be based in London and will be led by Justin King, who joined Tradition recently from Imarex, where he was head of the global tanker business. He will be joined by Alexander Greene, who also joined from Imarex; Blair Kester, who came from Tullett Prebon; Tony Leigh, who joined