Collins Stewart Tullett, which owns interdealer broker Prebon Tullett, called off its takeover talks yesterday, causing its share price to tumble 65p to £5.55 during morning trading on the London Stock Exchange on Thursday.
Inter-dealer brokers GFI, Icap and Tullett Prebon have come together to launch what they call a 'multi-broker electronic checkout service' in conjunction with the Depositary Trust & Clearing Corporation (DTCC). Initially deployed as a one-year pilot scheme,...
Interdealer broker Tullett Prebon has teamed up with property adviser DTZ to develop the property derivatives markets in the UK and Europe.
Tullett Prebon has teamed up with three international ship-brokers to operate in the growing freight derivatives market in London, the US and Singapore.
Inter-dealer broker Icap is raising the stakes in the competitive structured credit broker market with three new appointments – two of which were poached from rival CreditTrade.
Icap plans to hire the Sydney-based interest rate derivatives team at Prebon Group, a rival inter-dealer broker that was bought by Collins Stewart Tullett in October 2004.
London inter-dealer broker Collins Stewart Tullett announced this morning that it had received several takeover approaches from unnamed parties.
Tullett Financial has changed its name following the merger with Prebon and named G. Andrea Danese as chief executive. The company will now be known as Tullett Prebon Information.
Yamane Prebon Tokyo became the first inter-dealer broker to execute a 10-year, zero-percent inflation option on March 28.
Prebon Yamane in Singapore has been rocked by the resignation of a large number of its broking staff. Over 50 employees including numerous senior brokers have left Prebon in the Lion City to join rival company BGC, the brokerage arm of Cantor Fitzgerald.
Collins Stewart Tullett has merged the Group of Seven currency options desks of its Tullett Liberty and Prebon Yamane subsidiaries in London and Asia.
Axiom Global Partners, the New York-based inter-dealer brokerage, has launched its electronic credit default swap (CDS) broking platform in the London market.
Icap has launched an electronic credit derivatives trading service via its BrokerTec platform, which typically handles Treasury bond and repo transactions.
GFI Group, the inter-dealer broker and market data company, has hired three new staff for its Fenics foreign exchange options pricing system.
Tullett Liberty has suffered a surprise defeat in the integration of its foreign exchange business with that of rival Prebon Yamane, according to RiskNews ' sister publication FX Week .
Swapstream, a medium- and long-term interest rate swaps trading platform, has appointed Stéphane Rio as chief executive. Rio was previously head of rates trading at Commerzbank for five years, and replaces Marcus Grubb, who left Swapstream in early...
Prebon Marshall Yamane has recently transferred its credit derivatives business into a new subsidiary, Prebon Global Credit.
Collins Stewart Tullett is on the verge of buying inter-dealer broker Prebon Yamane for a reported £130 million.
Tullett Financial, the data sales arm of broking group Collins Stewart Tullett (CST), is readying the launch of a new currency data product for June.
Icap has no intention of recognising rival broker Prebon’s £2 million claim for damages after a dispute over the employment of three Icap coal brokers, according to its director of corporate affairs Mike Sheard.
The Chicago Mercantile Exchange (CME) is to team up with UK-based broker Tullett Liberty to introduce an electronic trade-matching system. It will provide traders with integrated trading and clearing of exchange-listed products with forward rate agreements...
Icap Energy has denied its coal team is defecting to Prebon Energy. On Tuesday, Prebon issued a press statement saying three members of the Icap coal team were joining the broker to strengthen its presence in coal markets.
Icap’s entire London-based coal team is defecting to rival broker Prebon Energy.
Prebon Marshall Yamane has opened a credit derivatives desk in London, having sold its original team to CreditTrade, the online credit derivatives trading portal, in February 2000.