Tullet releases SwapMarkerEurope on Bloomberg

Tullett Financial Information, a subsidiary of brokerage firm Tullet & Tokyo Liberty that provides data on derivatives products, has launched its SwapMarkerEurope interest rate swaps service on Bloomberg.

The SwapMarkerEurope service will provide data on interest rate swaps and asset spreads for Germany, France, Italy and the UK, and asset and basis swap information for Denmark, Sweden, Norway and Switzerland. It also has information on swap spreads, basis swaps, bond yields, gross basis, repo rates, Euribor fixings, Eonia and spot forex.

The new service follows last week’s release of SwapMarkerNorthAmerica, which includes asset swap and interest rate swap data covering the US and Canadian markets. Earlier this month, Tullet was forced to withdraw its swaps information from data provider Moneyline Telerate’s information service. Moneyline Telerate said it had instead chosen to use data from rival broker Icap, saying it was “the best source for swaps data".

A spokesman for Tullet said there had been a big decline in people accessing data on Moneyline Telerate, with increased usage of Reuters and Bloomberg in the past few years. He added that the company is also planning on increasing its coverage to include mortgage-backed securities products and credit default swaps at some point in the future.

Tullett is currently the subject of a takeover bid. UK stockbroker Collins Stewart is believed to be the party interested in acquiring the British inter-dealer broker.