Tullett Prebon Teams With GMEX to Develop FX Options Platform

Tullett Prebon, one of the world’s largest interdealer brokers, has entered into a strategic partnership with GMEX Group, a provider of multi-asset exchange and post trade technology, to help foster and streamline a hybrid voice and electronic Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term for foreign exchange (FX) options, according to a company statement.

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GMEX Technologies, a subsidiary of GMEX Group, has previously been supported by its development partner Forum Trading Solutions, and will be providing its trading systems capabilities and market surveillance solutions in a bid to develop a new FX options platform.

Eye on Regulation

In particular, the new solution will look to enhance and augment Tullett Prebon’s current offering to its clients, which will enable the integration of GMEX’s request for quote (RFQ) technology along with Tullett Prebon’s central limit order book (CLOB) capability. The collaboration is also important for Tullett Prebon as the group looks to navigate a shifting regulatory environment.

According to David Perkins, Managing Director, Electronic Broking at Tullett Prebon, in a recent statement on the partnership, “This latest initiative highlights our intent to deliver premier electronic and hybrid solutions that empower our voice brokers and aid market 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 whilst enhancing and simplifying our customers’ workflow.”

“This agile and reliable platform will help Tullett Prebon meet the business challenges of the new regulatory landscape through FinTech innovation by ensuring voice and electronic operations work seamlessly together,” added Hirander Misra, Chief Executive Officer (CEO) of GMEX Group and Chairman of Forum Trading Solutions, in an accompanying statement.

Tullett Prebon made headlines earlier this month after it launched a new global technology hub in Belfast, Northern Ireland, which will help bring upwards of 300 new jobs to the facility, part of the group’s latest expansion into the region.