Tullett Prebon Rolls Out tpMATCH Matching System to LME Members
- Tullett Prebon will open its algorithmic matching system, tpMATCH, to LME’s 41 category 1 and 2 members.
London-based Tullett Prebon PLC is on track to launch an online platform designed to match up carry trades for members of the London Metal Exchange (LME), as new regulations and squeezed revenues push the interdealer broker to explore new markets.
Tullett Prebon will open its algorithmic matching system, tpMATCH, to LME’s 41 category 1 and 2 members early next month to help investors buy or sell illiquid positions known as broken-dated carries, a practice that has historically been complicated and non-transparent.
This type of trade occurs when an investor deploys a long-term 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 structure, where he can only settle trades at specific or multiple dates that can range from once every quarter to once every few years.
tpMATCH is designed to simplify arranging such transactions and make trade settlement more efficient, less risky and less time-consuming. It will allow LME traders to submit their orders and positions into the platform, which will apply its matching technology in twice weekly runs, as noted in the company's release.
Paul Ribbins, Managing Director of Tullett Prebon’s Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term Solutions division, commented: “We believe tpMATCH will help members to manage their broken-dated card risk by centralising liquidity, creating cost efficiencies and maximising volume through algorithmic matching technology, which has never been used in the base metals market before. We hope to build a strong position in the market and we will continue to look for further opportunities across the broader commodities space.”
London-based Tullett Prebon PLC is on track to launch an online platform designed to match up carry trades for members of the London Metal Exchange (LME), as new regulations and squeezed revenues push the interdealer broker to explore new markets.
Tullett Prebon will open its algorithmic matching system, tpMATCH, to LME’s 41 category 1 and 2 members early next month to help investors buy or sell illiquid positions known as broken-dated carries, a practice that has historically been complicated and non-transparent.
This type of trade occurs when an investor deploys a long-term 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 structure, where he can only settle trades at specific or multiple dates that can range from once every quarter to once every few years.
tpMATCH is designed to simplify arranging such transactions and make trade settlement more efficient, less risky and less time-consuming. It will allow LME traders to submit their orders and positions into the platform, which will apply its matching technology in twice weekly runs, as noted in the company's release.
Paul Ribbins, Managing Director of Tullett Prebon’s Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term Solutions division, commented: “We believe tpMATCH will help members to manage their broken-dated card risk by centralising liquidity, creating cost efficiencies and maximising volume through algorithmic matching technology, which has never been used in the base metals market before. We hope to build a strong position in the market and we will continue to look for further opportunities across the broader commodities space.”