Tullett Prebon creates new volatility division

London-based broker Tullett Prebon has completed its reorganisation with the creation of a new division covering several classes of futures and options.

The volatility division will include teams handling global forex options, interest rate options, single-stock and equity index options, and financial futures and options. Most of the 90 members will be based in London, with forex desks in New York, Singapore and Tokyo.

The division will be headed by Marcus Bolton.

The reorganisation follows Tullett's acquisition of Prebon in 2004, and has so far led to over 300 redundancies from the merged company. Parent company Collins Stewart estimates the total cost of the reorganisation at £80 million.

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Stemming the tide of rising FX settlement risk

As the trading of emerging markets currencies gathers pace and broader uncertainty sweeps across financial markets, CLS is exploring alternative services designed to mitigate settlement risk for the FX market

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here