Tullett Prebon
Tullett Prebon Plc is one of the world's largest inter-dealer broker ( IDB ), headquartered in London. The shares of the company are traded on the London Stock Exchange. Tullett Prebon is a member of the FTSE 250 Index.
History
The company was founded in 1971 by Derek Tullett under the name Tullett & Riley as a broker for the forex market. During the 70 's and 80's many offices were opened worldwide. In 1999 merged Tullett & Riley with Liberty Brokerage to Tullett Liberty. In spring 2003, the company was purchased by Collins Stewart Plc Financial Services and named in Collins Stewart Tullett Plc. In October 2004, the company Prebon Yamane, a London-based broker, who was created by the merger of Babcock & Brown, Kirkland Whittaker and Fulton Prebon in 1990 acquired. In December 2006, the company was split into two separate units: Collins Stewart Tullett Prebon and. In January 2007 Tullett Prebon also acquired the U.S. broker Chapdelaine.
Operations
The company operates as an intermediary in wholesale business and supports the trading activities of its clients, in particular commercial banks and investment banks. Where a bank a wholesale order from a private customer they can not put in an order book of a stock exchange, it can this business APPLICATIONS -counter ( OTC ) at Tullett Prebon. In addition to income from securities trading Tullett Prebon marketed the products resulting from OTC trading prices with its subsidiary, Tullett Prebon Information .. Because Tullett Prebon as an intermediary between financial institutions that do not act on an order book of a stock exchange, determines a price, these data are particularly valuable for institutional investors in the valuation of illiquid instruments.
Competitor
ICAP RP Martin BGC Partners ( an affiliate of Cantor Fitzgerald ) tradition GFI Group