The move would prove an important step in the consolidation of the inter-dealer broking market. Rival brokers believe there is only room for three global inter-dealer brokers. The combination of Tullett and Prebon would represent a significant challenge to the current dominance of Icap and Cantor Fitzgerald.
London-based stockbroker Collins Stewart, which floated in October 2000, also provides corporate finance and fund management services.
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