The data, direct from CST’s subsidiary Tullett Liberty’s broking floor, will display the same rates seen by the firm’s in-house brokers. Delivered by data feed or public internet directly from Tullett, MoneyMarker is targeted at banks, corporates and investment managers – indeed "anyone participating in the currency markets", said David Mukerji, director and global head of sales at Tullett Financial in London.
The product may be of particular interest to smaller firms that may not be able to access the major data distributors, said Mukerji. While the firm has not yet decided on a price for the product, it will not be above $100 per month.
Tullett is seeing increased demand from existing clients battling to satisfy new accounting requirements.