Tullett Prebon



Tullett Prebon

February 19, 2014 04:00 ET

Central Tanshi and Tullett Prebon Agree to Reorganise Joint Venture in Japan

LONDON, UNITED KINGDOM and SINGAPORE, SINGAPORE and TOKYO, JAPAN--(Marketwired - Feb. 19, 2014) - Tullett Prebon, one of the world's leading interdealer brokers, and its long-time joint venture partner in Japan, Central Tanshi, have agreed to reorganise their Tokyo business operations.

Following a strategic review by Central Tanshi of its Tokyo businesses, Central Tanshi has agreed to sell to Tullett Prebon its stake in Yamane Tullett Prebon (Japan) Limited, which has been operated as a joint venture between the two companies since it was created in 1997.

As a result of the acquisition, Yamane Tullett Prebon (Japan) Limited will become a wholly owned subsidiary of the Tullett Prebon Group and will be renamed "Tullett Prebon (Japan) Limited".

Barry Dennahy, Chief Executive Officer of Asia Pacific at Tullett Prebon, commented;

"We have had a long and mutually beneficial relationship with Central Tanshi. Their contribution to and support of our Tokyo joint venture has been invaluable. We are looking forward to continuing to work with our customers to meet their price discovery and trading needs."

About Tullett Prebon

Tullett Prebon (www.tullettprebon.com) is one of the world's leading interdealer brokers and operates as an intermediary in wholesale financial markets facilitating the trading activities of its clients in seven major product groups: Rates, Volatility, Treasury, Non Banking, Energy & Commodities, Credit and Equities.

With offices in 23 countries, Tullett Prebon operates voice, hybrid, electronic, volume matching, algorithmic matching and risk mitigation platforms, to accommodate the needs of its clients, and to satisfy the regulatory driven evolution of the marketplace. On 24 September 2013 Tullett Prebon was granted temporary registration from the Commodity Futures Trading Commission ("CFTC") for the Company's swap execution facility ("SEF"), tpSEF Inc. Tullett Prebon will continue to provide regulatory compliant infrastructures in all other jurisdictions.

In addition to its brokerage services, Tullett Prebon offers a variety of market information services through its IDB Market Data division, Tullett Prebon Information. Prebon was granted temporary registration from the Commodity Futures Trading Commission ("CFTC") for the Company's swap execution facility ("SEF"), tpSEF Inc. Tullett Prebon will continue to provide regulatory compliant infrastructures in all other jurisdictions.

In addition to its brokerage services, Tullett Prebon offers a variety of market information services through its IDB Market Data division, Tullett Prebon Information.

Tullett Prebon has its principal offices in London, New Jersey, Hong Kong, Singapore and Tokyo, with other offices, joint ventures and affiliates in Bangkok, Dubai, Frankfurt, Geneva, Houston (Texas), Jakarta, Johannesburg, Luxembourg, Madrid, Manama (Bahrain), Manila, Mexico, Mumbai, New York, Paris, São Paulo, Seoul, Shanghai, Sydney, Toronto, Warsaw and Zurich.

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Contact Information

  • Tullett Prebon
    Alexandra Wick
    Marketing & Communications
    +44 (0) 207 200 7579 or +44 (0)7787 269 232
    awick@tullettprebon.com