Interdealer broker Tradition Financial Services (TFS) has announced the creation of TFS Freight, a dry freight brokerage group based in Stamford, Connecticut. The Stamford cargo group will provide brokerage of ships, freight and existing financial derivatives on freight rates, and will complement the existing TFS physical and forward freight agreement (FFA) freight desks, which are located in Perth and Melbourne, Australia.

TFS Freight will initially focus on dry freight such as coal, grains