Tullett Prebon Joins ICE eConfirm Broker Matching ServiceBy Intercontinentalexchange, PRNE
Monday, December 20, 2010
LONDON and ATLANTA, December 21, 2010 - Tullett Prebon, a leading intermediary in global wholesale markets, and
IntercontinentalExchange (NYSE: ICE), a leading operator of regulated global
futures exchanges, clearing houses and over-the-counter (OTC) markets,
announced that Tullett Prebon has joined the ICE eConfirm Broker Matching
(Logo: photos.prnewswire.com/prnh/20090727/CL51999LOGO )
The ICE eConfirm platform facilitates fast and accurate post-trade
confirmation, increases back-office efficiency and reduces trade data errors.
The ICE eConfirm Broker Matching Service allows participants to automatically
match trade data and resolve discrepancies with brokers via the ICE eConfirm
website, eliminating phone calls, faxes and emails.
"We are pleased that Tullett Prebon enrolled in the Broker Matching
Service," said Chuck Vice, ICE President and COO. "As the leading trade
confirmation solution for global commodities trading firms, ICE eConfirm has
become the standard. The addition of one of the world's leading brokers in
Tullett Prebon, will allow over 200 participants active on ICE eConfirm to
further automate their confirmation process."
"We recognize ICE eConfirm as a leading electronic confirmation solution
for the commodity and energy asset class. Our customers will greatly benefit
from the increased efficiencies of automating our confirmation process via
ICE eConfirm. Tullett Prebon's back-office services will deliver paperless
straight through processing to our customers," said Steph Duckworth, Chief
Operating Officer of Tullett Prebon.
Tullett Prebon's Head of Electronic Broking Americas, Shawn Bernardo,
added: "Tullett Prebon expects increased regulatory reporting requirements in
the U.S. as a result of the Dodd-Frank Act. We are confident that partnering
with ICE eConfirm will help us efficiently meet the real-time reporting and
record keeping mandates."
"ICE eConfirm is committed to collaborating with our global participant
base to offer a Swap Data Repository for the commodity and energy trading
industry," said Bruce Tupper, Director ICE eConfirm. "Tullett Prebon's wide
global presence will significantly increase the number and breadth of
transactions available for electronic broker matching and regulatory
For more information about ICE eConfirm, please visit:
www.theice.com or www.eConfirm.com
IntercontinentalExchange(R) (NYSE: ICE) is a leading operator of
regulated futures exchanges and over-the-counter markets for agricultural,
credit, currency, emissions, energy and equity index contracts. ICE Futures
Europe(R) hosts trade in half of the world's crude and refined oil futures.
ICE Futures U.S.(R) and ICE Futures Canada(R) list agricultural, currencies
and Russell Index markets. ICE(R) is also a leading operator of central
clearing services for the futures and over-the-counter markets, with five
regulated clearing houses across North America and Europe. ICE serves
customers in more than 70 countries. www.theice.com
The following are trademarks of IntercontinentalExchange, Inc. and/or its
affiliated companies: IntercontinentalExchange, IntercontinentalExchange &
Design, ICE, ICE and block design, and ICE eConfirm. For more information
regarding registered trademarks owned by IntercontinentalExchange, Inc.
and/or its affiliated companies, see https://www.theice.com/terms.jhtml
About Tullett Prebon
Tullett Prebon operates as an intermediary in wholesale financial markets
facilitating the trading activities of its clients, in particular commercial
and investment banks. The business now covers seven major product groups:
Volatility, Rates, Non Banking, Treasury, Energy and Commodities, Credit, and
Equities. Tullett Prebon's electronic broking division offers electronic
solutions to these products. In addition to its brokerage services, Tullett
Prebon offers a variety of market information services through its IDB Market
Data division, Tullett Prebon Information.
Lee Underwood, Director, Communications, IntercontinentalExchange, +1-770-857-0342, lee.underwood at theice.com
Tags: December 21, georgia, IntercontinentalExchange, London And Atlanta, United Kingdom