Tullett Prebon, a global inter-dealer broker (IDB) and MillenniumIT, a provider of technology solutions and part of London Stock Exchange Group, have entered into a partnership agreement.
Under the agreement MillenniumIT will work with Tullett Prebon to further develop IDB’s electronic broking capabilities across a variety of asset classes for both internal and external trading systems.
Paul Humphrey, CEO of electronic broking and information at Tullett Prebon, said: “This partnership marks a significant milestone in Tullett Prebon’s ambitions to supply client orientated hybrid solutions to compliment our current global electronic offering.
Tullett Prebon’s strategy leverages and enhances the group’s significant IDB voice franchise with client focused and innovative technology delivery. This partnership demonstrates that Tullett Prebon will continue to invest in our electronic broking capability to ensure we provide a competitive service to our wholesale clients.”
Tony Weeresinghe, CEO of MillenniumIT, said: “We are delighted to be partnering with Tullett Prebon, one of the world’s leading interdealer brokers, to help them further develop their electronic broking capabilities.’’