E-Broking
tpCREDITDEAL
tpCREDITDEAL is the brand name for Tullett Prebon’s electronic credit product trading platform. The platform joins the growing suite of electronic solutions now being provided by Tullett Prebon’s Electronic Broking division. It is targeted to be deployed to primary dealing banks across Europe and Asia during Q4 2008.
tpCREDITDEAL will operate a hybrid model of voice and electronic execution, leveraging the combination of high-level technology with a market-leading voice-broking team.
The initial launch will support trading of Investment Grade Credit Default Swaps (CDS) followed by Financial, Index, High Yield and Emerging CDS.
tpCREDITDEAL allows live real-time order entry and trade execution with fully automated straight through processing (STP). The platform includes customisable windows to allow for richer functionality such as market depth, filter and search keys, favourites pages, dockable or floating panels for space management, warning messages, pop ups, and alert options. Protection keys ensure traders cancel and refresh prices at their convenience on a number of pre-defined market movements or circumstances. Although standard sizes are set per the market the “trade work up” feature allows the two initial parties of a trade to increase their trade size in a bilateral environment before other counterparties can access this trade session.
Trading hours are between 6.30am and 6pm with all clients receiving dedicated platform support from Tullett Prebon’s experienced E-Broking sales, market admin team and their voice broking contact.
