tpSPOTDEAL has been developed to offer straight forward, reliable execution, which will provide anonymous trading with a prime broker as central counterparty for all trades, the firm said.
The trading suite will incorporate 10 liquidity providers that will make a two-way price ensuing in liquidity on the bid and offer regardless of the prevailing market conditions.
Tullett Prebon treasury managing director James Potter said, "tpSPOTDEAL has been specifically designed to enhance our existing spot FX business model for our existing clients conducting wholesale transactions. Importantly, access to the platform will be free for the end user."
Integral Development Corp CEO Harpal Sandhu said, "tpSPOTDEAL is going to be a significant platform in the wholesale FX market because it meets the needs of the customers, it is available now and it is offered by a market leading financial services firm, Tullett Prebon."
Tullett Prebon, an inter-dealer broker operates as an intermediary in wholesale financial markets leveraging the trading activities of its clients, mainly to commercial and investment banks.
