Obtaining the licence builds upon the TPI‘s recent success at the Inside Market Data awards where it was named Best Data Provider for the second year running and highlights the business’ commitment to support the growth of OTC markets in China.
Andrew Reeve, Head of Asia Pacific, Middle East and Africa at Tullett Prebon Information said:
“We‘re pleased to have been granted a licence to distribute data in what is a key market for our business. Having recently signed a memorandum of understanding to provide financial data to Xinhua IPI, an affiliate of Xinhua News Agency, we’re already witnessing demand for our products as the need for high quality, independent data continues to grow.”
TPI's successful licence application is the latest in a series of strategic international developments by Tullett Prebon Information as it continues to expand its presence globally, notably in rapidly developing economies.
“Building strong relationships with key domestic distributors in markets such as China remains at the core of our long term growth strategy, particularly as demand for independent data grows and markets face ever-increasing competitive and regulatory pressure,” added Frank Desmond, Managing Director of Tullett Prebon Information.
Notes to Editors
Tullett Prebon Information (www.tpinformation.com) is a leading provider of independent real-time price information from the global OTC financial and commodity markets. Tullett Prebon Information delivers the highest-quality independent price data using state of the art technologies and data publication standards covering major markets including Rates, Fixed Income, FX and Money, Volatility, Energy, Inflation, Credit and Equities. Tullett Prebon information's data is relied upon by customers in over 40 countries.
About Tullett Prebon
Tullett Prebon (www.tullettprebon.com) is one of the world's largest inter-dealer brokers and operates as an intermediary in wholesale financial markets facilitating the trading activities of its clients, in particular commercial and investment banks. The business now covers seven major product groups: Rates, Volatility, Treasury, Non Banking, Energy & Commodities, Credit and Equities. Tullett Prebon Electronic Broking offers electronic solutions to these products.
In addition to its brokerage services, Tullett Prebon offers a variety of market information services through its IDB Market Data division, Tullett Prebon Information.
Tullett Prebon has its principal offices in London, New Jersey, Hong Kong, Singapore and Tokyo, with other offices, joint ventures and affiliates in Bangkok, Frankfurt, Houston (Texas), Jakarta, Luxembourg, Madrid, Manama (Bahrain), Manila, Mumbai, New York, Paris, Sao Paulo, Seoul, Shanghai, Sydney, Toronto, Warsaw and Zurich.