Tullett Prebon, one of the industry’s largest interdealer brokers, has expanded the capabilities of its tpMESSENGER service by CME Group, which will strengthen its functionality for its commodities and financial markets, according to a Tullett Prebon statement.
tpMESSENGER is a secure chat solution that caters to a number of different types of market participants. The utility allows for such functions as liquidity alerts, group chat, blast capabilities, and open integration with other financial instant messaging networks.
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The decision to select CME Group fir tpMESSENGER is noteworthy, given the size and scale of its market as a percentage of the overall industry. Tullett Prebon will be assimilating CME’s service and its Pivot Instant Messaging platform to help power its solution, whereby supporting open communication for its commodities and financial markets.
According to Andrew Polydor, Global Head of Energy and Commodities at Tullett Prebon, in a recent statement on the integration: “The combination of messenger service using CME Pivot’s technology has been built around the requirements of the commodity markets, and provides open access to other supported networks, which is a welcomed alternative to a closed network approach, making it our preferred alternative to Yahoo.”
“CME Group is committed to providing an open instant messaging solution to support communications across a wide range of participants. We’ve seen a compelling response from the chat community seeking an alternative to commercial platforms and are pleased Tullett Prebon has chosen to integrate CME Pivot with tpMESSENGER,” explained Craig Mohan, Managing Director, Market Technology & Data Services at CME Group.