Tullett Prebon has been ranked the overall number one interdealer broker in Risk magazine’s 2012 Annual Interdealer Rankings.
The overall number one ranking is awarded to the broker with the most number one category rankings, with Tullett Prebon gaining a total of 36 number one spots. This follows Tullett Prebon being awarded the overall No1 Ranking in 2010.
Notably, Tullett Prebon dominated in FX, with 15 category wins out of 24 and performed strongly in the Interest Rates category, gaining 14 number one rankings. The business also performed well in credit where it was voted top in 7 out of 11 categories.
FX category wins:
- FX Swaps - US dollar/euro, US dollar/yen, US dollar/Swiss franc, euro/sterling
- FX Options - US dollar/yen, US dollar/sterling, US dollar/Swiss franc, euro/yen, euro/sterling
- FX Forwards - US dollar/yen, US dollar/Swiss franc, euro/yen, euro/sterling
- Exotic currency products - US dollar/euro, US dollar/Swiss franc Interest Rate category wins:
- Interest Rate Swaps 10+ years - yen, sterling
- Options - US dollar, Swiss franc, yen
- Inflation Swaps - euro, sterling
- Inflation Options – sterling
- Repurchase Agreements - euro, sterling, Swiss franc
- Cross Currency Swaps - US dollar/yen, US dollar/Swiss franc, euro/yen Credit category wins:
- High yield - US & Canada, Europe and Asia
- Sovereign - US & Canada and Europe
- Investment grade - Europe and Asia
Over 1,440 dealers and brokers voted, nominating their top three derivative traders in order of preference.
Angus Wink, Chief Executive Office of EMEA at Tullett Prebon, commented:
"I am delighted that Risk has named Tullett Prebon the overall number one broker in their interdealer broker rankings, building upon our strong performances over recent years. It is an award that we’re extremely proud of, particularly as it is voted for by our client-base and one that is testament to Tullett Prebon’s delivery of flexible and innovative products, as well as best in class service.
“We have continued to invest in our business, both from a voice and electronic perspective, to push forward our hybrid broking strategy. Notable achievements this year are the successfully delivery of high-class technology with the launch of tpSWAPDEAL, tpMATCH NDF and the forthcoming tpSPOTDEAL. We have also hired over 70 people in EMEA year-to-date, opened an office in Madrid, and completed the successful acquisitions of Convencao and Chapdelaine in the Americas.”
