Tullet Prebon Launches Spot FX Platform
Interdealer broker Tullett Prebon has launched the beta version of tpSpotdeal, a spot foreign exchange (FX) platform.
Designed by Integral Development Corp., tpSpotdeal is designed to offer simple execution and anonymous trading with a prime broker as central counterparty for all trades. The platform will have 10 liquidity providers that will make a two-way price resulting in liquidity on the bid and offer regardless of the market conditions.
"tpSpotdeal has been specifically designed to enhance our existing spot FX business model for our existing clients conducting wholesale transactions," says James Potter, managing director of treasury at Tullet Prebon. "Importantly, access to the platform will be free for the end user."
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