Difference between revisions of "Tullett Prebon"
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| − | In May 2012 the company released a briefing paper, 'How Britain is using spin to con the bond markets', which its author Tim Morgan argued showed how "the tale of ‘big’ cuts in public spending is a bare-faced deception". <ref> [http://www.marketwatch.com/story/blowing-the-whistle-on-uk-austerity-how-britain-is-using-spin-to-con-the-bond-markets-2012-05-15?reflink=MW_news_stmp Blowing the Whistle on UK 'Austerity'- How Britain Is Using Spin to Con the Bond Markets], MarketWatch WSJ Journal, posting of press release: Tullett Prebon Research by Dr Tim Morgan, May 15, 2012 </ref> | + | In May 2012 the company released a briefing paper, 'How Britain is using spin to con the bond markets', in which its author Tim Morgan argued showed how "the tale of ‘big’ cuts in public spending is a bare-faced deception". <ref> [http://www.marketwatch.com/story/blowing-the-whistle-on-uk-austerity-how-britain-is-using-spin-to-con-the-bond-markets-2012-05-15?reflink=MW_news_stmp Blowing the Whistle on UK 'Austerity'- How Britain Is Using Spin to Con the Bond Markets], MarketWatch WSJ Journal, posting of press release: Tullett Prebon Research by Dr Tim Morgan, May 15, 2012 </ref> The paper received wide media coverage, including an interview with Morgan on the BBC's Today programme. |
Earlier in the month the UK broker said it had made cuts to over 90 brokers in the first quarter of 2012 as part of efforts to slash annual costs as the impact of thin trading volumes continues to bite across the financial sector.<ref name="Cave"> Tim Cave, [http://www.efinancialnews.com/story/2012-05-10/tullett-prebon-to-cut--staff Tullett Prebon cuts 140 staff], Financial News, 10 May 2012 </ref> | Earlier in the month the UK broker said it had made cuts to over 90 brokers in the first quarter of 2012 as part of efforts to slash annual costs as the impact of thin trading volumes continues to bite across the financial sector.<ref name="Cave"> Tim Cave, [http://www.efinancialnews.com/story/2012-05-10/tullett-prebon-to-cut--staff Tullett Prebon cuts 140 staff], Financial News, 10 May 2012 </ref> | ||
Revision as of 13:52, 17 May 2012
Tullett Prebon plc is one of the largest global inter-dealer money brokers in the world. Inter-dealer brokers act as a middleman between commercial and investment banks and other parties.
Contents
Activities
In May 2012 the company released a briefing paper, 'How Britain is using spin to con the bond markets', in which its author Tim Morgan argued showed how "the tale of ‘big’ cuts in public spending is a bare-faced deception". [1] The paper received wide media coverage, including an interview with Morgan on the BBC's Today programme.
Earlier in the month the UK broker said it had made cuts to over 90 brokers in the first quarter of 2012 as part of efforts to slash annual costs as the impact of thin trading volumes continues to bite across the financial sector.[2]
Interdealer brokers provide voice and electronic broking services to banks and traders in a variety of financial instruments, including equity markets, commodities, foreign exchange, interest rates and credit. According to Financial News, they 'are well-positioned to benefit from regulatory change in the US and Europe that will see the bulk of the $600 trillion over-the-counter derivatives market migrate towards electronic trading'.[2]
People
- Terry Smith - Chief Executive
- Tim Morgan - Global Head of Research
- David Clark, chairman, senior independent non-executive director (also chairman of WMBA)
Former staff and directors
- Michael Fallon MP (Conservative) was an independent non-executive director, for which he received a regularly quarterly payment ranging between £6,436.08 and £7947.78. He resigned this directorship on 28 May 2010 [3], was reappointed 28 September 2010 [4]
External lobbyists
Affiliations
- Wholesale Market Brokers' Association (WMBA) - Tullet Prebon is a member of this trade body
Publications
- Blowing the Whistle on UK 'Austerity'- How Britain Is Using Spin to Con the Bond Markets, MarketWatch WSJ Journal, posting of press release: Tullett Prebon Research by Dr Tim Morgan, May 15, 2012
- Is ‘Occupy’ Right? Terry Smith, Chief Executive of Tullett Prebon plc, The Worshipful Company of World Traders, The XXVth Annual Tacitus lecture at the Guildhall, 16th February 2012
Contact
- Address:
- Website:
Resources
Notes
- ↑ Blowing the Whistle on UK 'Austerity'- How Britain Is Using Spin to Con the Bond Markets, MarketWatch WSJ Journal, posting of press release: Tullett Prebon Research by Dr Tim Morgan, May 15, 2012
- ↑ 2.0 2.1 Tim Cave, Tullett Prebon cuts 140 staff, Financial News, 10 May 2012
- ↑ House of Commons, Register of MP's Financial Interests, as of 6 September 2010
- ↑ House of Commons, Register of MP's Financial Interests, as of (date
- ↑ APPC Register to February 2012
