MUREX AND TULLETT PREBON INFORMATION (TPI) SIGN PARTNERSHIP AGREEMENT TO ENHANCE CLIENT EXPERIENCE
Collaboration grants Murex and its clients access to TPI’s OTC data
Tullett Prebon Information (TPI), a premier global supplier of financial market data, has signed a partnership agreement with Murex, the leading provider of trading, risk, and processing solutions. The deal allows Murex to use TPI’s data for internal model validation, while TPI gains exposure to a wider range of market participants. TPI will provide real-time, end-of-day and historic data sets including foreign exchange, rates, equities and commodities.
TPI’s data will assist in back-testing and calibrating Murex’s models, ensuring they are validated against reliable, real-world data. The historical data secures model stability and continuity of results from day-to-day. In addition, users of MX.3, Murex’s award-winning technology platform, may access a snapshot of TPI’s historic data for testing purposes.
In order to integrate TPI’s datasets, Murex has built a feed-handler to TPI’s FTP files, facilitating the smooth and easy transfer of data. TPI’s data will be available to Murex customers globally.
Antoine Mourad, head of product connectivity and technology partners at Murex comments: “Our clients rely on high-quality, accurate data across multiple asset classes for their trading and risk management activities. TPI is an established provider of OTC data. We knew it had the coverage and flexibility our clients needed. As we already share many mutual customers, it was a natural step for us to formalise a long-term collaboration.”
Frank Desmond, CEO at TPI, comments: “Murex is the leader in trading and risk with an impressive reach across the financial markets. This partnership is an important strategic move for us. It is a welcomed endorsement of the quality of our data and our ability to provide Murex, and its clients, with a consistent view.”
For further information:
Emilie Rowe, Aspectus
+44 (0) 20 7242 8867
About Tullett Prebon Information (www.tpinformation.com)
Tullett Prebon Information Limited is the leading provider of real-time price information from the wholesale inter-dealer brokered financial markets. Tullett Prebon Information’s data is delivered via industry leading information vendors and also via direct feeds to some of the world’s largest financial institutions. The information is relied upon by thousands of market professionals around the globe moving billions of dollars of assets daily for the purposes of trading, derivatives and FX pricing, risk management and portfolio valuations.
Tullett Prebon Information is part of TP ICAP group which manages a portfolio of businesses, providing intermediary services, contextual insights and intelligence, trade execution solutions, and data and analytics. For further information on TP ICAP please visit www.tpicap.com.
About Murex (www.murex.com)
For more than 30 years, Murex has been providing enterprise-wide, cross-asset financial technology solutions to capital markets players. Its cross-function platform, MX.3, supports trading, treasury, risk and post-trade operations, enabling clients to better meet regulatory requirements, manage enterprise-wide risk, and control IT costs. With more than 45,000 daily users in 65 countries, Murex has clients in many sectors, from banking and asset management to energy and commodities.
Murex is an independent company with over 2,000 employees across 17 countries. Murex is committed to providing cutting-edge technology, superior customer service, and unique product innovation.