Integral Press Release
Tullett Prebon and Integral Partner to Launch Spot FX Platform
LONDON, NEW YORK, SINGAPORE and SUNNYVALE, Calif. (July 10, 2012) Tullett Prebon, one of the world's leading inter-dealer brokers, announces the beta launch of tpSPOTDEAL, a spot FX platform, with Integral Development Corp. ('Integral') (www.integral.com), a leading provider of 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., commented: "tpSPOTDEAL is going to be a significant platform in the wholesale FX market because it meets the needs of the customers, it is available now and it is offered by a market leading financial services firm, Tullett Prebon. We are delighted to enable their business, to their unique specifications, at no up-front cost."
For further information please contact:
|Charlotte Kirkham||M:Communications||+44 (0)20 7920 2331|
|Nick Woods||M:Communications||+44 (0)20 7920 2348|
About Tullett Prebon
Tullett Prebon (www.tullettprebon.com) is one of the world's largest inter-dealer brokers and operates as an intermediary in wholesale financial markets facilitating the trading activities of its clients, in particular commercial and investment banks. The business now covers seven major product groups: Rates, Volatility, Treasury, Non Banking, Energy & Commodities, Credit and Equities. Tullett Prebon Electronic Broking offers electronic solutions to these products.
In addition to its brokerage services, Tullett Prebon offers a variety of market information services through its IDB Market Data division, Tullett Prebon Information.
Tullett Prebon has its principal offices in London, New Jersey, Hong Kong, Singapore and Tokyo, with other offices, joint ventures and affiliates in Bangkok, Frankfurt, Houston (Texas), Jakarta, Luxembourg, Manama (Bahrain), Manila, Mumbai, New York, Paris, S?o Paulo, Seoul, Shanghai, Sydney, Toronto, Warsaw and Zurich.
Integral develops and operates FX Grid®, a global Multi-sided Trading technology connecting active market participants with all major sources of FX liquidity. Together with FX Inside Professional™, its real-time EMS, Integral's products represent the intersection of direct market access and algorithmic trading in the foreign exchange markets. Founded in 1993, Integral maintains development, support, and sales offices in Silicon Valley, Chicago, New York, London, Hong Kong, Tokyo, Singapore and Bangalore. Accel Partners is the lead investor in the company. For more information, visit www.integral.com. © 2012 Integral Development Corp. All rights reserved. Integral technology is protected under U.S. Patent Nos. 6,347,307 B1 and 7,882,011 B2, patent pending applications and related intellectual property.