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Tullett Prebon operates as an intermediary in wholesale financial markets facilitating the trading activities of its clients, in particular commercial and investment banks. In certain product areas the customer base also includes financial institutions and other professional investors.
Tullett Liberty was founded in 1971 and focused during its early years on foreign exchange markets. During the 1970's and 1980's, Tullett developed a number of overseas offices. In 2000 Tullett merged with Liberty Brokerage to create Tullett Liberty.
Prebon was formed in 1990 following the merger of three leading London-based money broking businesses - Babcock & Brown, Kirkland-Whittaker and Fulton Prebon. In acknowledgement of the firm's close business alliance with the Tokyo-based Central Tanshi, formerly Yamane Tanshi, the group trading name was changed in 1992 to its current title of Prebon Yamane. Evidencing the strength of this relationship, in 1993 the name of the international moneybroking division of Yamane Tanshi was changed to Yamane Prebon.
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Tullett Prebon has its principal offices in London, New York/New Jersey, Hong Kong, Singapore and Tokyo, with other offices in Frankfurt, Paris, Luxembourg, Sydney, Toronto, Warsaw and Zurich. It also has joint ventures in Bahrain, Bangalore, Jakarta, Kuala Lumpur, Manila, and Mumbai.
The IDB business covers five major product groups: Fixed Income Securities and their derivatives, Interest Rate Derivatives, Treasury Products, Equities and Energy. In addition, the business has an information sales business, Tullett Prebon Information.
Tullett Prebon has a "hybrid" model with its voice broking services being provided to clients through direct lines to trading desks supported by proprietary screens which display historical data, analytics and real time prices. The business brokes a broad range of financial market products on either a "name give-up" basis (where the counterparties to a transaction settle directly with each other) or a "matched principal" basis (where Tullett Prebon are the counterparty to each leg of a transaction).
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It has also developed a proprietary multi-product broking platform, Data:marker, which supports both brokers and clients with capabilities such as on-screen price display, analytics, access to historical price information and automated post-trade feeds.
It has developed an electronic platform, TradeBlade, which complements our outstanding voice brokerage operations.
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