MUMBAI, INDIA--(Marketwire - June 18, 2012) - Tullett Prebon Information, one of the leading global suppliers of over-the-counter (OTC) financial data, has signed a multi-year partnership with Dion Global Solutions (Dion), one of the world''s leading software products and information services provider for financial markets globally. Tullett Prebon Information will supply a broad range of financial data to Dion including foreign exchange, money market, interest rate, non-deliverable forwards, FX options, and bonds for multiple currencies.
This high quality, independent data will be made available to Dion''s clients through dfferentia, a hosted web application for pricing and risk management of multi-asset class OTC derivatives. dfferentia is targeted at the Traders - Sales and Interbank, and addresses their needs of flexibility - to price, to structure, to collaborate and to analyse their risk, on-demand. The product combines real time data with high end analytics.
Tullett Prebon Information works with financial institutions and service providers, including major global and domestic software and data vendors for the provision of independent OTC fixed income and derivative pricing. This distribution agreement with Dion highlights Tullett Prebon Information''s on-going commitment to support global businesses.
Andrew Reeve, Head of Asia Pacific, Middle East and Africa at Tullett Prebon Information, said:
"We are delighted to partner with Dion and provide high quality, independent analytical tools to their customers. Further, increasing our footprint in the Asia-Pacific region is a major focus for Tullett Prebon Information''s business and we hope to continue building our successes in this area."
Commenting on the agreement, Kershasp Carnac, Head - Financial Analytics, Dion, said:
"This is an important partnership for Dion as it enhances the market data offering of our innovative OTC pricing and risk management application - dfferentia. Through our partnership with Tullett Prebon Information, we aim to provide a unique, informative and easy to use hosted solution to our customers worldwide."
The move is the latest in a series of strategic developments by Tullett Prebon Information as it expands its presence globally. "We are already active in around 40 countries and continue to address further key geographic markets," added Frank Desmond, CEO of Tullett Prebon Information.
Further partners are likely to be attracted by Tullett Prebon Information''s independent data as markets face ever-increasing competitive and regulatory pressure.
About Tullett Prebon Information
Tullett Prebon Information (www.tpinformation.com) is a leading provider of independent real-time price information from the global OTC financial and commodity markets. Tullett Prebon Information delivers the highest-quality independent price data using state of the art technologies and data publication standards covering major markets including Rates, Fixed Income, FX and Money, Volatility, Energy, Inflation, Credit and Equities. Tullett Prebon information''s data is relied upon by customers in over 40 countries.
About Tullett Prebon
Tullett Prebon (www.tullettprebon.com) is one of the world''s largest inter-dealer brokers and operates as an intermediary in wholesale financial markets facilitating the trading activities of its clients, in particular commercial and investment banks. The business now covers seven major product groups: Rates, Volatility, Treasury, Non-Banking, Energy & Commodities, Credit and Equities. Tullett Prebon Electronic Broking offers electronic solutions to these products.
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, Frankfurt, Houston (Texas), Jakarta, Luxembourg, Madrid, Manama (Bahrain), Manila, Mumbai, New York, Paris, San Paulo, Seoul, Shanghai, Sydney, Toronto, Warsaw and Zurich.
About Dion Global Solutions Ltd
Dion has a portfolio of cutting-edge solutions for use in a number of international financial markets. We provide clients with the technology they need to do business across the globe.
Our solutions cover portfolio management, trading, settlement, risk management, compliance, analytics, messaging & workflow and research services. Through our strong acquisition strategy, Dion has rapidly expanded to accommodate and serve its international client base.
With more than 650 clients in 88 countries, our deep domain expertise and considered approach to our clients'' businesses make us a trusted partner.
Tullett Prebon Information
Frank Desmond
+44 (0)20 7302 5379
M: Communications
Charlotte Kirkham
+44 (0)207 920 2331
M: Communications
Nick Woods
+44 (0)207 920 2348
Dion Global Solutions
Vani Parmar
+91 9582 888 165
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