TPI takes home award for 6th consecutive year following significant growth and product development
Tullett Prebon Information (TPI), a leading global provider of financial market data, has won Best Data Provider (Broker) at the Inside Market Data awards for the sixth year in a row.
The news follows a year of product development and global expansion underpinned by an ongoing commitment to supporting clients with enhanced risk management requirements.
The Inside Market Data awards recognise excellence within the market data industry. The winners, voted for by data consumers within the global banking and financial services sectors, were announced at a ceremony held in New York on Wednesday, 18 May.
As a result of Tullett Prebon’s acquisitions of PVM Oil Associates in 2014, and US energy broker, MOAB Oil in 2015, TPI has established new energy and commodities data. It has also developed new US denominated Emerging Market Bonds information services.
Furthermore, an increasing number of market participants are utilising TPI data in their Basel III and capital adequacy calculations, while new risk regulations mean that institutional investors are turning to TPI as they source data independently rather than relying on banks and brokers.
Frank Desmond, CEO of TPI, commented: “Risk complexity, regulatory change and volatility continue to drive the need for accurate, quality data. This week’s recognition is vital to our business and we are delighted to be selected as the top provider by IMD for the sixth year running.”
“Institutions across the global capital markets are equipping themselves with the best possible data to manage a difficult operating environment and to ensure they can prove real value to their clients. The market continues to change and we are reacting quickly to ensure our clients can tackle fresh challenges. As a result we are now working with a number of new clients, notably in markets such as the Middle East and China.”
TPI delivers independent OTC money market, foreign exchange, fixed income and derivative pricing to financial institutions and service providers including major global and domestic data vendors.