Tullett Prebon Inks Data Accord with Murex

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 Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term (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.

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 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 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.