Tullett Prebon Buys Out Stake of Yamane Tullett Prebon from Central Tanshi in Japan

Interdealer broker, Tullett Prebon, and its long-standing joint venture partner in Japan, Central Tanshi, have agreed to reorganize their Tokyo business operations, according to the latest press release announced today from Tullett Prebon on its corporate website.

Following a strategic review by Central Tanshi of its Tokyo businesses, according to the update, Central Tanshi has agreed to sell Tullett Prebon its stake in Yamane Tullett Prebon (Japan) Limited, which has been operating as a joint venture between the two companies since it was created in 1997.

Entity Will Be Renamed as Tullett Prebon Japan, and Become 100% Owned

As a result of the acquisition, Yamane Tullett Prebon (Japan) Limited will become a wholly-owned subsidiary of the Tullett Prebon Group and will be renamed "Tullett Prebon (Japan) Limited."

Barry Dennahy, Chief Executive Officer of Asia-Pacific at Tullett Prebon, commenting in the official announcement said, "We have had a long and mutually beneficial relationship with Central Tanshi. Their contribution to and support of our Tokyo joint venture has been invaluable. We are looking forward to continuing to work with our customers to meet their price discovery and trading needs."

The company operates in a wide-range of markets, including Foreign Exchange through its tpSPOTDEAL platform which offers trading in G10 currencies, as well as its recently registered Swap Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term Facility (SEF) provisionally approved with the CFTC, and part of its tpSWAPDEAL platform offering.

Tullett Prebon Group has principal offices in London, New Jersey, Hong Kong, Singapore and Tokyo, and a number of other offices, joint-ventures and affiliates throughout the world.

Central Tanshi Frees Up Capital Following The Sale

In a parallel press release from Central Tanshi about the transaction, one of the company's managing directors said that selling its stake has also freed up capital that has been tied to that business.

The news follows, for Central Tanshi, the recent announcement of its offering Tradency's MirrorTrader platform earlier in January, as covered by Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term Magnates.

The value of the deal was not disclosed around time of publication, with regards to the stake that Tullett Prebon has recently acquired.

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