Tullett Prebon, one of the world’s leading interdealer brokers, today announced its tpMessenger service has selected CME Group’s CME Pivot Instant Messaging platform to power its solution and support open communication for commodities and financial markets.
tpMESSENGER will provide market participants with a robust and secure chat solution, that will allow customers to comply with regulatory requirements. It is functionally rich with industry-leading message recognition technology (parsing), liquidity alerts, group chat, blast capabilities and open integration with other financial instant messaging networks.
The service provides an easy-to-integrate alternative to the legacy version of Yahoo Messenger desktop application, which Yahoo has announced that it plans to discontinue support for in August 2016.
Tullett Prebon’s decision to select CME Pivot further enhances the firm’s stated strategic commitment to ensure that its clients benefit from cost-effective hybrid solutions that enable customers to comply with regulation.
Andrew Polydor, Global Head of Energy and Commodities at Tullett Prebon, said: “tpMESSENGER is a further endorsement of our strategy to provide our brokers and customers with superior and collaborative technology solutions. The combination of messenger service using CME Pivot’s technology has been built around the requirements of the commodity markets, and provides open access to other supported networks, which is a welcomed alternative to a closed network approach, making it our preferred alternative to Yahoo.”
Craig Mohan, Managing Director, Market Technology & Data Services at CME Group, said: “CME Group is committed to providing an open instant messaging solution to support communications across a wide range of participants. We’ve seen a compelling response from the chat community seeking an alternative to commercial platforms and are pleased Tullett Prebon has chosen to integrate CME Pivot with tpMESSENGER.”