Tullett Prebon
| Tullett Prebon Plc | |
|---|---|
| legal form | Public Limited Company |
| ISIN | GB00B1H0DZ51 |
| founding | 1971 |
| Seat |
London , UK
|
| Number of employees | 2,280 (2010) |
| sales | £ 908.5m (2010) |
| Branch | Financial services |
| Website | www.tullettprebon.com |
Tullett Prebon is one of the world's largest inter-dealer brokers (IDB) based in London . The company's shares 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 foreign exchange market . Numerous branches were opened around the world in the 1970s and 1980s. In 1999, Tullett & Riley merged with Liberty Brokerage to become Tullett Liberty . In the spring of 2003 the company was bought by the financial services company Collins Stewart Plc and renamed Collins Stewart Tullett Plc . In October 2004, Prebon acquired Yamane , a London- based broker that was formed in 1990 through the merger of Babcock & Brown , Kirkland-Whittaker and Fulton Prebon . In December 2006 the company was split into two separate entities: Collins Stewart and Tullett Prebon . In January 2007, Tullett Prebon also acquired the US - Broker Chapdelaine .
Business activity
The company operates as a middleman in the wholesale business and supports the trading activities of its customers, in particular credit banks and investment banks. If a bank receives a trade order from a private customer that it cannot place in an exchange order book, it can submit this transaction over the counter ( OTC trading ) to Tullett Prebon. In addition to the income from securities trading, Tullett Prebon markets the prices arising from OTC trading with its subsidiary Tullett Prebon Information . Because Tullett Prebon determines a price as an intermediary between financial institutions that do not trade through an order book on an exchange, this data is particularly valuable for institutional investors when evaluating illiquid instruments.
Competitor
- ICAP
- RP Martin
- BGC Partners (a Cantor Fitzgerald subsidiary )
- tradition
- GFI Group
Individual evidence
- ↑ a b Preliminary figures 2010 (PDF; 264 kB)
- ↑ a b c d Tullett Prebon History ( Memento of the original from August 9, 2008 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.
- ↑ Spin off from Collins Stewart Tullett
- ↑ Acquisition of Chapdelaine
- ^ Tullett Prebon Information ( Memento of the original dated February 7, 2011 in the Internet Archive ) Info: The archive link was automatically inserted and not yet checked. Please check the original and archive link according to the instructions and then remove this notice.
