15 Jun 2009
Tullett Prebon to Leverage Thomson Reuters for Distribution of Tick Data
New York – Tullett Prebon Information (TPI), the market data division of one of the world’s largest interdealer brokers, and Thomson Reuters announced today that TPI’s historical tick-based price data is now available through Reuters DataScope Tick History (RDTH). This expanded distribution agreement is in response to the increasing role that historical tick-based data plays in trade validation and algorithmic trading.
Thomson Reuters clients can now subscribe to TPI historical tick-based data packages for Rates, Fixed Income, Money, Foreign Exchange, Volatility, and Inflation. These data packages consist of global tick history for interest rate derivatives, sovereign debt, mortgage-backed and agency securities, currency deposits, spot FX, deliverable and non-deliverable FX forwards, FX options, interest rate options, and inflation swaps.
Financial institutions’ accounting and compliance functions use tick-based price data from independent providers such as TPI for trade validation purposes by comparing the bid-offer range of the instrument as revealed through the tick history to the execution price at the time of the trade. Institutions’ algorithmic and quantitative trading desks develop and maintain trading systems utilizing historical tick-based data to back-test their financial models.
Mike Kirby, Head of TPI - Americas said: "Tullett Prebon Information is pleased that its historical tick-based data is now available through RDTH. Real-time content from TPI has been available on the Thomson Reuters network for more than twenty years, and this new service is a natural extension of the mutually beneficial relationship that our two firms have enjoyed over that time period. We view this as an important initiative in that market participants can streamline the process of accessing tick-based data. We will continue to work with Thomson Reuters to expand the range of TPI content available on the RDTH platform.”
Mike Powell, Global Head of Enterprise Information, Thomson Reuters, said "Thomson Reuters is uniquely positioned to offer our clients intelligent information and associated tools they need to succeed in today's volatile financial markets. The addition of this valuable content set from TPI into our integrated 13+ year archive of global tick by tick instrument prices further enhances our regulatory compliance, algorithmic trading and quantitative research solutions. We are pleased to expand our successful relationship with Tullet Prebon as it further cements our strategy to deliver comprehensive content."
This historical service is an extension of the many real-time and end-of-day offerings from TPI that are already available through Thomson Reuters including Reuters Datascope both Real-Time and Select, and all terminal products including premium services such as Reuters 3000 Xtra, and Thomson One. RDTH is a key element within the Thomson Reuters Quant and Event Driven Trading product suite, which offers the financial community comprehensive historical archive and real-time content sets together with analytical tools for quantitative investment strategies.
About Thomson Reuters
Thomson Reuters is the world’s leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial, legal, tax and accounting, scientific, healthcare and media markets, powered by the world’s most trusted news organization. With headquarters in New York and major operations in London and Eagan, Minnesota, Thomson Reuters employs more than 50,000 people in 93 countries. Thomson Reuters shares are listed on the New York Stock Exchange (NYSE: TRI); Toronto Stock Exchange (TSX: TRI); London Stock Exchange (LSE: TRIL); and Nasdaq (NASDAQ: TRIN). For more information, go to www.thomsonreuters.com.
About Tullett Prebon Information
Tullett Prebon Information Limited is the leading provider of real-time price information from the wholesale inter-dealer brokered financial markets. Tullett Prebon Information is a wholly owned subsidiary of Tullett Prebon PLC, a fully diversified inter-dealer broker with a leading presence in global Fixed Income Securities, Money Markets, Capital Markets, Equities and associated derivative products.
Tullett Prebon Information’s data is delivered via industry leading information vendors and also via direct feeds to some of the world’s largest financial institutions. The information is relied upon by thousands of market professionals around the globe moving billions of dollars of assets daily for the purposes of trading, derivatives and FX pricing, risk management and portfolio valuations. For more information, go to www.tpinformation.com.
Media Contacts
Fleur Sohtz
Public Relations Director
Thomson Reuters
Tel: +44 (0)20 7542.1543
Email
Nicola Cohen
Corporate Communications
Tullett Prebon
Tel: +44 (0)20 7302.5353
Email