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Tullett Prebon Press Releases

29 Jan 10
Tullett Prebon launches first online LNG screen


London, New York 29 January, 2010:
Tullett Prebon today announces that its LNG desk launches the first online screen for short and medium-term LNG cargoes. The LNG screen is designed for the fast communication of spot trade interests and to meet the growing need for greater price transparency.
 
Flow offers clients free access to real-time prices and the ability to use the screen to instantly and anonymously inform all other participants of any need to purchase or sell a cargo. Bids and Offers for LNG cargoes will be posted on the screen once confirmed by a Tullett Prebon LNG Broker.
 
tpFlow will provide a new buyer-broker-seller interface, establishing a more efficient and fair method of communicating spot LNG opportunities. Deals will continue to be arranged by voice due to the market complexities. 
 
Key features: 
 
•     Mobile access to real-time price flow data, trader/broker chat and price grids
•     Client access over the Internet to view broker prices and chat
•     Private/institutional chat rooms for clients

Andrew Polydor, Global Head of Energy and Commodities at Tullett Prebon, commented on the launch: "Initial feedback from clients is very encouraging. While we understand increased transparency can be met with some scepticism, it is a natural evolution of any market. In our experience it eventually brings greater liquidity and market opportunities."
 
Information relating to the date the interest was submitted, the end market, delivery, pricing, quality and cargo size will be shared via tpFlow. Tullett Prebon LNG will keep company names confidential until the point of trade but share via voice, information pertaining to the import or export terminal, and where relevant the vessel name, source and gas quality specifications.
 
Access to the screen within tpFlow will be by application only.
 

Media Enquiries

Jamie Dunkley
TP ICAP plc
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Laura Whybrow
TP ICAP plc
Communications Manager
laura.whybrow@tpicap.com
+44 (0) 20 7200 7568
Brian Buckley / Eilis Murphy
Brunswick Group LLP
tpicap@brunswickgroup.com
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