Tullett Prebon plc Annual Report 2010
Tullett Prebon is one of the world’s largest inter-dealer brokers, and acts as an intermediary in the wholesale ﬁnancial markets, facilitating the trading activities of its clients, in particular commercial and investment banks.
The business covers the following major product groups: Fixed Income Securities and their derivatives, Interest Rate Derivatives, Treasury Products, Equities and Energy. The business brokers the products on either a ‘Name Give-Up’ basis (where all counterparties to a transaction settle directly with each other) or a ‘Matched Principal’ basis. Tullett Prebon does not take any proprietary positions. Tullett Prebon’s business is conducted through voice broking, where brokers, supported by proprietary screens displaying historical data, analytics and real-time prices, discover price and liquidity for their clients; and through hybrid electronic platforms, which cover asset classes that include US, European, Australian and Scandi Repo, US Fixed Income, global FX Options, Cash Credit and CDS, and the US & European Energy markets. Tullett Prebon also has an established data sales business, Tullett Prebon Information, which collects, cleanses, collates and distributes real-time information to data providers, and a smaller Risk Management Services business, launched in 2009, which provides clients with post-trade, multi-product matching services (including tpMATCH), associated market data and independent valuation services.
For more information see our corporate website: www.tullettprebon.com
Tullett Prebon electronic broking products: see For more information
our corporate website: Hybrid platforms: www.tullettprebon.com tpTRADEBLADE – Volatility tpCREDITDEAL – Credit tpENERGYTRADE – Energy tpSWAPDEAL – Rates Post trade and risk management services: tpMATCH – Rates tpDELTADEAL – Credit Pure electronic platforms: tpREPO – Rates