Tullett Prebon Information Named Best Data Provider For Fifth Consecutive Year at Inside Market Data Awards

  • Data Management
  • 21.05.2015 01:00 am

Tullett Prebon Information (TPI), a leading global provider of financial market data, has won Best Data Provider (Broker) at the Inside Market Data awards for the fifth year in a row.

The Inside Market Data awards recognise excellence within the market data industry. The winners, voted for by data consumers within the global banking and financial services sectors, were announced at a ceremony held in New York on Wednesday, 20 May.

The accolade underscores a period of significant growth for TPI. In the last twelve months, it has further expanded its geographical presence, establishing new sales capabilities in both Singapore and Shanghai. This development follows on closely from the firm’s expansion in the Middle East, with the opening of a Dubai office in March 2014.

TPI took major strides to extend its product portfolio in 2014, adding market-leading data to its suite of services from PVM, the world’s number one OTC oil brokerage. The company also entered into several key strategic partnerships in its energy and fixed income sectors. Further enhancements were made to its core data services of rates, volatility, money markets and spot and forward FX, ensuring that TPI can continue to respond to changing market conditions and retain its standing as the best data provider in the market.

Frank Desmond, CEO of TPI, commented: “We are immensely proud to win this award for the fifth year running. In that time, the market has evolved significantly and we too have developed and grown as a business, helping our clients to tackle new and more complex challenges. Our geographical expansion highlights both the growing importance of regions like Asia and the Middle East and our determination to respond to customer demand. At the same time, we have continued to bring new products on stream, ensuring that our clients are equipped with ever greater insights.

“We are also servicing an increasingly diversified customer base. While a big focus for us continues to be sell-side firms, we’re seeing increased demand from the buy-side community. These institutions continue to be affected by the impact of industry regulation – particularly Dodd Frank and Solvency II – and we expect to see this trend continue as proposals and reforms such as MiFID II are finalised.”

TPI delivers independent OTC money market, foreign exchange, fixed income and derivative pricing to financial institutions and service providers including major global and domestic data vendors.

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