E-Broking
tpSWAPDEAL
To be rolled out during 2011, tpSWAPDEAL is Tullett Prebon's electronic/voice hybrid solution for all Interest Rate Swap and associated products globally, and will provide our clients with a fully fit for purpose, execution and downstream processing platform.
Based on the most up-to-date market leading technology supplied by MillenniumIT, tpSWAPDEAL has been created with the flexibility to give our clients the ability to transact either directly or via our comprehensive voice execution broker network, within both the current trading landscape and under all regional regulatory environments that may develop in the future.
As well as all standard electronic platform functionality, tpSWAPDEAL features a very low latency implied order generation engine to create deep liquidity in the maximum number of products as well as a highly sophisticated counterparty exposure model to provide full price transparency in the increasingly relevant cleared/non cleared trading environment.
Accessible via an API using ION, LIST or FIX 5.0 SP2 protocol gateways as well as the highly configurable tpSWAPDEAL trade grid and order input GUI, tpSWAPDEAL is designed to integrate seamlessly with user technology infrastructure.
Importantly tpSWAPDEAL will operate using a non preferential open governance and fee structure for our existing client base and we welcome and encourage input and consultation over future development and functionality.
