Tullett Prebon to offer anonymous trading with prime brokers
12 July 2012 London, New York and Singapore
Image: Shutterstock
Inter-dealer broker Tullett Prebon has a beta release of tpSPOTDEAL, a spot FX platform.
The company has used Integral Development Corp., which supplies FX trading solutions and services, as its chosen technology provider.
tpSPOTDEAL is designed to offer simple, straight forward, reliable execution and will offer anonymous trading with a prime broker as central counterparty for all trades.
The platform will have 10 liquidity providers that will make a two-way price resulting in liquidity on the bid and offer regardless of the market conditions.
James Potter, managing director of Treasury at Tullett Prebon, said: "tpSPOTDEAL has been specifically designed to enhance our existing spot FX business model for our existing clients conducting wholesale transactions. Importantly, access to the platform will be free for the end user."
Harpal Sandhu, CEO of Integral Development Corp., said that tpSPOTDEAL will be a significant platform in the wholesale FX market, due to it meeting the needs of the customers, and its current availability.
The company has used Integral Development Corp., which supplies FX trading solutions and services, as its chosen technology provider.
tpSPOTDEAL is designed to offer simple, straight forward, reliable execution and will offer anonymous trading with a prime broker as central counterparty for all trades.
The platform will have 10 liquidity providers that will make a two-way price resulting in liquidity on the bid and offer regardless of the market conditions.
James Potter, managing director of Treasury at Tullett Prebon, said: "tpSPOTDEAL has been specifically designed to enhance our existing spot FX business model for our existing clients conducting wholesale transactions. Importantly, access to the platform will be free for the end user."
Harpal Sandhu, CEO of Integral Development Corp., said that tpSPOTDEAL will be a significant platform in the wholesale FX market, due to it meeting the needs of the customers, and its current availability.
NO FEE, NO RISK
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