Tullett Prebon creates new volatility division

The volatility division will include teams handling global forex options, interest rate options, single-stock and equity index options, and financial futures and options. Most of the 90 members will be based in London, with forex desks in New York, Singapore and Tokyo.

The division will be headed by Marcus Bolton.

The reorganisation follows Tullett's acquisition of Prebon in 2004, and has so far led to over 300 redundancies from the merged company. Parent company Collins Stewart estimates the total cost of the reorganisation at £80 million.

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Smarter trading in a fragmented world

FX Week recently hosted a webinar in partnership with Refinitiv to ask foreign exchange industry leaders to discuss geopolitical challenges, market changes and developments, and evolving technologies, and how they have shaped forex markets in Asia

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here