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Launched in response to client demand, the hybrid voice and electronic broking platform, is now available in numerous currencies and in multiple tenors, noted the company's release. The firm's London, New York and Singapore offices host the platform.
TpMatch is the latest in a series of hybrid voice and electronic trading platforms to have been deployed by Tullett Prebon Electronic Broking, which in the past 12 months has delivered reliable electronic trading solutions across a broad range of products. For example, tpCreditDeal was launched in Q4 2008 for the trading of single name CDS (credit default swaps), financial/sovereign CDS and financial iTRAXX. The platform now offers trading of LevX, high yield CDS, corporate, financial and sterling cash bonds with more products due for launch in 2010.A number of other platforms were launched recently including tpEnergyTrade, an electronic energy platform offering trading in Canadian and Western US gas, crude oil Canada, NYMEX swaps and options and Calgary and NJ basis. In Europe it serves as an auction facility for Irish power. In addition, tpRepo was launched in Q4 2008 for Europe for the inter-bank repo market, leveraging the success of Tullett Prebon's established US repo trading platform. In the US, traders can execute anonymously in all DTCC eligible US Treasury and agency securities. The European system now hosts Euro repo for Germany, France, The Netherlands and Belgium, as well as Gilt repo. Tullett also improved its global FXO (FX options) electronic trading platform, tpTradeBlade during 2000, leading to increased liquidity and trading volumes. The platform has been given a new interface with increased functionality; modifications include a specifics page, time and spot stipulations, closing prices, trade history, bulk order entry and STP (straight through processing).
In a statement, Paul Humphrey, CEO of Tullett Prebon Electronic Broking & Information, said in the release: "Tullett Prebon's hybrid electronic broking offering successfully leverages the group's significant voice franchise and high-level technology to create platforms that meet customer demand for reliable but flexible electronic capabilities. We now have a growing suite of efficient and stable electronic platforms to which we will add further electronic initiatives during 2010. We will also continue to invest in enhancing the resilience of these platforms, constantly improving straight through processing and post-trade services to the benefit of our clients."
