Tullett Prebon

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.

Activities

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".

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.

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'.

People

• Terry Smith - Chief Executive
• Tim Morgan - Global Head of Research

Former staff and directors

• Michael Fallon MP was an independent non-executive director (Resigned directorship on 28 May 2010)

External lobbyists

• Quiller Consultants

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

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