Tullett Prebon
GFI boosts Fenics foreign exchange options pricing team
GFI Group, the inter-dealer broker and market data company, has hired three new staff for its Fenics foreign exchange options pricing system.
Shock FX fowards job losses at Tullett
Tullett Liberty has suffered a surprise defeat in the integration of its foreign exchange business with that of rival Prebon Yamane, according to RiskNews ' sister publication FX Week .
Rio quits Commerzbank to head Swapstream
Swapstream, a medium- and long-term interest rate swaps trading platform, has appointed Stéphane Rio as chief executive. Rio was previously head of rates trading at Commerzbank for five years, and replaces Marcus Grubb, who left Swapstream in early July…
Prebon transfers credit derivatives business to subsidiary
Prebon Marshall Yamane has recently transferred its credit derivatives business into a new subsidiary, Prebon Global Credit.
Collins Stewart Tullett moves for Prebon
Collins Stewart Tullett is on the verge of buying inter-dealer broker Prebon Yamane for a reported £130 million.
Tullett plans new data launch
Tullett Financial, the data sales arm of broking group Collins Stewart Tullett (CST), is readying the launch of a new currency data product for June.
Icap will not pay Prebon’s £2m damage claim
Icap has no intention of recognising rival broker Prebon’s £2 million claim for damages after a dispute over the employment of three Icap coal brokers, according to its director of corporate affairs Mike Sheard.
CME & Tullett to launch matching and clearing system
The Chicago Mercantile Exchange (CME) is to team up with UK-based broker Tullett Liberty to introduce an electronic trade-matching system. It will provide traders with integrated trading and clearing of exchange-listed products with forward rate…
Icap denies coal trading team departure
Icap Energy has denied its coal team is defecting to Prebon Energy. On Tuesday, Prebon issued a press statement saying three members of the Icap coal team were joining the broker to strengthen its presence in coal markets.
Icap coal team jumps ship
Icap’s entire London-based coal team is defecting to rival broker Prebon Energy.
Prebon re-enters credit derivatives market
Prebon Marshall Yamane has opened a credit derivatives desk in London, having sold its original team to CreditTrade, the online credit derivatives trading portal, in February 2000.
Prebon plans to open US credit derivatives desk
Inter-dealer broker Prebon Yamane is planning to open a credit derivatives desk in the US, following its setting up of Asia-Pacific and Europe credit derivatives trading desks.
Prebon Yamane goes live with SwapsWire in Tokyo
Brokerage house Prebon Yamane has gone live with SwapsWire in Asia, making it the first brokerage house in Tokyo to use the system since it went live in Japan last month.
Prebon Marshall and Swapstream agree to jointly promote swap and OTC trading platform
Inter-dealer broker Prebon Marshall Yamane has formed a strategic partnership with London-based Swapstream, to promote the trading platform to its customers.
Prebon Yamane's Singapore chairman to retire
John Ng, chairman of brokerage house Prebon Yamane (Singapore), is to retire from the firm following 29 years with the company.
FMCL launches Asian oil forward curve data
The Forward Market Curve Limited (FMCL) has launched the first module of its ForwardMarketCurve (FMC) product – an all-broker methodology for achieving robust and accurate price discovery in forward commodity markets.
Tullett signs up to SwapsWire
Inter-dealer broker Tullett today said it has joined the industry-backed electronic platform SwapsWire to provide its interest rate derivatives clients with straight-through-processing (STP) capabilities. SwapsWire, built by a consortium of 23…
Tullett expands SwapMarker coverage
Tullett Financial, a subsidiary of inter-dealer broker Tullett, which provides data on derivatives products, has brought together its North American and European SwapMarker services to offer a single global service for real-time interest rate derivatives…
Prebon Yamane names new MD in Hong Kong
International brokerage house Prebon Yamane has named Peter Pao as its new managing director in Hong Kong following the retirement of 28-year veteran, Joe Lam, in December last year. In his new role, Pau will be responsible for the greater China region.
UK stockbroker to buy Tullett for up to £250 million
Publicly quoted UK stockbroker Collins Stewart has made a £250 million bid for UK inter-dealer broker Tullett. The largely share acquisition has received approval from most of Tullett’s shareholders and is scheduled for completion within two months.
New Tullett chief Smith plans expansion in rates swaps and energy
Terry Smith, chief executive of Collins Stewart, the UK stockbroker taking over inter-dealer broker Tullett for £250 million, said expansion in interest rate swaps and energy derivatives would be a key area of growth for the combined entity.