Tullett Prebon (Europe) Limited

Tullett Prebon (Europe) Limited is a UK-regulated multilateral trading facility (MTF) that provides electronic broking for foreign exchange, energy, commodity and interest rate derivatives. It operates as part of the TP ICAP group, the world's largest inter-dealer broker, which was formed in 2016 through the merger of Tullett Prebon plc and ICAP's global broking business. The entity is a subsidiary within TP ICAP's Financial Markets and Energy & Commodities divisions, offering price discovery, trade execution and post-trade solutions to institutional clients. The MTF designation allows Tullett Prebon (Europe) Limited to operate a trading venue where multiple third-party buying and selling interests in financial instruments can interact in a way that results in a contract. This regulatory status is central to its role in the wholesale financial markets, providing a transparent and efficient platform for derivatives trading. The firm's services span voice and electronic broking, with a focus on over-the-counter (OTC) markets. As part of TP ICAP, the entity benefits from the group's extensive liquidity network, data solutions and post-trade infrastructure. TP ICAP's brands include Tullett Prebon, ICAP, PVM, and others, serving clients across financial and commodity markets globally. The group is listed on the London Stock Exchange under the ticker TCAP and is a member of the FTSE 250 index. Tullett Prebon (Europe) Limited's operations are subject to UK and EU financial regulations, including MiFID II, which governs MTFs. The firm's activities contribute to price transparency and market efficiency in the derivatives markets it serves.

Tullett Prebon (Europe) Limited is a subsidiary within the TP ICAP group, which traces its origins to the merger of Tullett Prebon plc and ICAP's global broking business in 2016. Tullett Prebon plc itself was formed in 2004 through the demerger of the inter-dealer broking business of Collins Stewart Tullett. The Tullett name dates back to 1971 when Derek Tullett founded Tullett & Riley, and Prebon was established in 1981 by a group of brokers. The two firms merged in 1999 to form Tullett Prebon. In 2016, Tullett Prebon plc acquired ICAP's global broking business, creating TP ICAP, the world's largest inter-dealer broker. The combined group operates a portfolio of brands including Tullett Prebon, ICAP, PVM, and others. Tullett Prebon (Europe) Limited was established as an MTF to provide electronic broking services for derivatives, leveraging the group's infrastructure and regulatory permissions. The entity operates under the regulatory framework of the UK Financial Conduct Authority (FCA) and complies with MiFID II requirements for MTFs. It serves institutional clients in the wholesale markets, facilitating trading in FX, energy, commodities, and interest rate derivatives. The MTF model allows for anonymous, multilateral trading, enhancing liquidity and price transparency. As part of TP ICAP, the firm benefits from the group's investments in technology, data analytics, and post-trade services. TP ICAP is listed on the London Stock Exchange and is a constituent of the FTSE 250 index. The group's strategy focuses on diversifying revenue streams, expanding electronic trading, and providing value-added data and analytics to clients.

• 2016

  Tullett Prebon plc acquires ICAP's global broking business, forming TP ICAP.

• 2004

  Tullett Prebon plc is demerged from Collins Stewart Tullett and listed on the London Stock Exchange.

• 1999

  Tullett & Riley and Prebon merge to form Tullett Prebon.

• 1981

  Prebon is established by a group of brokers.

• 1971

  Derek Tullett founds Tullett & Riley, a London-based inter-dealer broker.

A regulated electronic trading venue within TP ICAP, providing wholesale market participants with efficient derivatives broking and price discovery.

• Multilateral Trading Facility (MTF)

  An electronic trading venue for broking foreign exchange, energy, commodity and interest rate derivatives.

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5. 5Tullett Prebon Plc - Tullett Prebon (Europe) Limited - Wikidatawikidata.org