Tullett Prebon Plc Acquires 40 Brokers from NY Inter-Dealer Brokerage Service Firm
- As part of a targeted expansion into the US fixed income market, inter-dealer broker Tullet Prebon has acquired 40 brokers from New York inter-dealer brokerage services firm Murphy & Durieu L.P. for an undisclosed sum.
Inter-dealer broker trader on the London Stock Exchange, Tullet Prebon plc (LON:TLPR), announced that it has acquired a number of U.S. brokerages from New York-based inter-dealer brokerage services firm, Murphy & Durieu L.P. with the terms of the deal remaining undisclosed.
The move makes for a deeper expansion by Tullet Prebon plc (LON:TLPR) into the U.S. fixed income market, as it will add 40 new fixed income brokers providing deep Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term access and expertise in corporate, convertible, municipal, high yield, distressed and government securities.
With the conclusion of the deal, Tullet Prebon plc (LON:TLPR) will boast 550 in the United States alone, playing to additional strength in the company’s portfolio of fixed income activities.
Tullet Prebon's CEO of the Americas, John Abularrage, commented in the company’s announcement, “The US is a key market for Tullett Prebon and this deal further enhances our market-leading fixed income hybrid voice offering.”
“US fixed income is one of the largest Over-the-Counter (OTC) market segments in the world and this acquisition allows Tullett Prebon to provide even stronger and better Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term to our clients across the range of fixed income products,” he concluded.
Inter-dealer broker trader on the London Stock Exchange, Tullet Prebon plc (LON:TLPR), announced that it has acquired a number of U.S. brokerages from New York-based inter-dealer brokerage services firm, Murphy & Durieu L.P. with the terms of the deal remaining undisclosed.
The move makes for a deeper expansion by Tullet Prebon plc (LON:TLPR) into the U.S. fixed income market, as it will add 40 new fixed income brokers providing deep Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term access and expertise in corporate, convertible, municipal, high yield, distressed and government securities.
With the conclusion of the deal, Tullet Prebon plc (LON:TLPR) will boast 550 in the United States alone, playing to additional strength in the company’s portfolio of fixed income activities.
Tullet Prebon's CEO of the Americas, John Abularrage, commented in the company’s announcement, “The US is a key market for Tullett Prebon and this deal further enhances our market-leading fixed income hybrid voice offering.”
“US fixed income is one of the largest Over-the-Counter (OTC) market segments in the world and this acquisition allows Tullett Prebon to provide even stronger and better Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term to our clients across the range of fixed income products,” he concluded.