Tullett Prebon
Encyclopedia
Tullett Prebon plc is one of the largest inter-dealer money brokers in the world. It is listed on the London Stock Exchange
and is a constituent of the FTSE 250 Index
.
broker trading as Tullett & Riley. During the 1970's and 1980s, it opened a number of overseas offices. In 1999 the Company merged with Liberty Brokerage to create Tullett Liberty.
In early 2003 the Company was bought by Collins Stewart plc, a financial services company, creating Collins Stewart Tullett plc.
In October 2004 the Company acquired Prebon Yamane, a broking business formed in 1990 following the merger of three leading London-based money broking businesses - Babcock & Brown, Kirkland-Whittaker and Fulton Prebon - and which had adopted that name in acknowledgement of the firm's close business alliance with the Tokyo-based Yamane Group.
In December 2006, the group demerged, forming two separate entities: Collins Stewart and Tullett Prebon.
The Company completed the acquisition of Chapdelaine, a US
broker, in January 2007 and integrated the business into the its existing operations.
London Stock Exchange
The London Stock Exchange is a stock exchange located in the City of London within the United Kingdom. , the Exchange had a market capitalisation of US$3.7495 trillion, making it the fourth-largest stock exchange in the world by this measurement...
and is a constituent of the FTSE 250 Index
FTSE 250 Index
The FTSE 250 Index is a capitalisation-weighted index consisting of the 101st to the 350th largest companies on the London Stock Exchange. Promotions to and demotions from the index take place quarterly in March, June, September and December...
.
History
The Company was founded by Derek Tullett in 1971 as a foreign exchangeForeign exchange market
The foreign exchange market is a global, worldwide decentralized financial market for trading currencies. Financial centers around the world function as anchors of trading between a wide range of different types of buyers and sellers around the clock, with the exception of weekends...
broker trading as Tullett & Riley. During the 1970's and 1980s, it opened a number of overseas offices. In 1999 the Company merged with Liberty Brokerage to create Tullett Liberty.
In early 2003 the Company was bought by Collins Stewart plc, a financial services company, creating Collins Stewart Tullett plc.
In October 2004 the Company acquired Prebon Yamane, a broking business formed in 1990 following the merger of three leading London-based money broking businesses - Babcock & Brown, Kirkland-Whittaker and Fulton Prebon - and which had adopted that name in acknowledgement of the firm's close business alliance with the Tokyo-based Yamane Group.
In December 2006, the group demerged, forming two separate entities: Collins Stewart and Tullett Prebon.
The Company completed the acquisition of Chapdelaine, a US
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
broker, in January 2007 and integrated the business into the its existing operations.
Operations
The company operates as an intermediary in wholesale financial markets facilitating the trading activities of their clients, in particular commercial and investment banks. Tullett Prebon organises its broking desks according to the way its customers trade. It operates in eight product areas: Volatility, Rates, Credit, Treasury, Non Banking, Energy, Equities and Property.Competition
- ICAPICAP (company)ICAP plc is a UK based voice and electronic dealer broker and provider of post trade risk services, the largest in the world carrying out transactions for financial institutions rather than private individuals...
- RP Martin
- BGC Partners (a subsidiary of Cantor Fitzgerald)
- Tradition
- GFI Group
- Mint Partners