Tullett Prebon Information (TPI), a provider of independent real-time price information from the global over-the-counter (OTC) financial and commodity markets, has inked a new accord with Murex, helping extend TPI’s data and modeling capabilities to a broader spectrum of market participants.
Murex is a comprehensive provider of trading, risk, and processing solutions. Its accord with TPI will help enable improved model validation via augmented data feeds. By extension, TPI will also be gaining exposure to more market participants through the deal, given its provision of real-time and historic data sets across several asset classes, including foreign exchange (FX), rates, equities, and commodities.
More specifically, TPI’s data will help assist in back-testing and calibrating Murex’s models. Conversely, users of Murex’s technology platform suite will also garner access to TPI’s historic data for testing purposes.
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In order to help streamline this integration, namely across TPI’s datasets, Murex has also engineered a feed-handler to TPI’s FTP files, thus facilitating a user-friendly and seamless transfer of data that will be made available to Murex customers globally.
According to Antoine Mourad, Head of Product Connectivity and Technology Partners at Murex, in a statement on the accord: “Our clients rely on high-quality, accurate data across multiple asset classes for their trading and risk management activities. TPI is an established provider of OTC data. We knew it had the coverage and flexibility our clients needed. As we already share many mutual customers, it was a natural step for us to formalise a long-term collaboration.”
“Murex is the leader in trading and risk with an impressive reach across the financial markets. This partnership is an important strategic move for us. It is a welcomed endorsement of the quality of our data and our ability to provide Murex, and its clients, with a consistent view,” explained Frank Desmond, CEO at TPI.