Tullett Prebon Information signs data supply deal with Visual Risk

Source: Tullett Prebon Information

Tullett Prebon Information (TPI), one of the leading global suppliers of over-the-counter (OTC) financial data, announces an agreement with Visual Risk, an Asia Pacific based supplier of treasury solutions to global private and public sector corporates and financial institutions.

Tullett Prebon Information will supply Visual Risk with a wide range of over-the-counter instruments, including foreign exchange, money market and interest rate data for a wide range of currencies.

This high quality, independent data will be made available to Visual Risk's client base via its Total TreasuryTM solution, which is used by a wide array of treasury professionals in most sectors including Energy, Financial, Government & Utilities, Healthcare, Mining, Media and Property. Visual Risk's solution has been built specifically to address the complex risk management, derivative valuation, hedge accounting and liquidity management issues dominating daily treasury activities today.

Tullett Prebon Information works with many service providers, including major global and domestic software and data vendors for the provision of independent OTC fixed income and derivative pricing.

Andrew Reeve, Head of Asia Pacific, Middle East and Africa at Tullett Prebon Information, said:
"Our partnership with Visual Risk is testament to the increasing demand for high quality, independent data within the treasury departments of corporates in the region. 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 on our successes in this area."

Commenting on the development, Paul Nailand, Managing Director of Visual Risk, said:
"Our customers are employing more advanced derivative valuation methods to match bank valuations and meet strict audit requirements. For these corporates and regional financial institutions there is a growing need to source data such as the swaption and cap volatilities that Tullett Prebon Information provides. This partnership will allow us to deliver TPI's data directly into customers' Visual Risk installations via the web, on a frequency and volume tailored to their needs."

The agreement is testimony to TPI's gllobal ambitions. "Both competition and regulatory change are driving the need for data that can be trusted to stand the closest scrutiny," added Frank Desmond, Managing Director of Tullett Prebon Information. "Our stringent quality control ensures that's what we deliver - and I'm delighted that leading market players are recognizing the fact."

Desmond anticipates further agreements of this type to continue to fuel the growth of the business. 

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