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Tullett Prebon to leverage Thomson Reuters for distribution of tick data

15 June 2009  |  1788 views  |  0 Source: Tullett Prebon

Tullett Prebon Information (TPI), the market data division of one of the world's largest interdealer brokers, and Thomson Reuters announced today that TPI's historical tick-based price data is now available through Reuters Datascope Tick History (RDTH).

This expanded distribution agreement is in response to the increasing role that historical tick-based data plays in trade validation and algorithmic trading.

Thomson Reuters clients can now subscribe to TPI historical tick-based data packages for Rates, Fixed Income, Money, Foreign Exchange, Volatility, and Inflation. These data packages consist of global tick history for interest rate derivatives, sovereign debt, mortgage-backed and agency securities, currency deposits, spot FX, deliverable and non-deliverable FX forwards, FX options, interest rate options, and inflation swaps.

Financial institutions’ accounting and compliance functions use tick-based price data from independent providers such as TPI for trade validation purposes by comparing the bid-offer range of the instrument as revealed through the tick history to the execution price at the time of the trade. Institutions’ algorithmic and quantitative trading desks develop and maintain trading systems utilizing historical tick-based data to back-test their financial models.

Mike Kirby, Head of TPI - Americas said: "Tullett Prebon Information is pleased that its historical tick-based data is now available through RDTH. Real-time content from TPI has been available on the Thomson Reuters network for more than twenty years, and this new service is a natural extension of the mutually beneficial relationship that our two firms have enjoyed over that time period. We view this as an important initiative in that market participants can streamline the process of accessing tick-based data. We will continue to work with Thomson Reuters to expand the range of TPI content available on the RDTH platform”

Mike Powell, Global Head of Enterprise Information, Thomson Reuters, said "Thomson Reuters is uniquely positioned to offer our clients intelligent information and associated tools they need to succeed in today's volatile financial markets. The addition of this valuable content set from TPI into our integrated 13+ year archive of global tick by tick instrument prices further enhances our regulatory compliance, algorithmic trading and quantitative research solutions. We are pleased to expand our successful relationship with Tullet Prebon as it further cements our strategy to deliver comprehensive content."

This historical service is an extension of the many real-time and end-of-day offerings from TPI that are already available through Thomson Reuters including Reuters Datascope both Real-Time and Select, and all terminal products including premium services such as Reuters 3000 Xtra, and Thomson One. RDTH is a key element within the Thomson Reuters Quant and Event Driven Trading product suite, which offers the financial community comprehensive historical archive and real-time content sets together with analytical tools for quantitative investment strategies.

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