Elysian System’s Credit Default Swaps trading platform launched by Tullett Prebon

12 November 2008

Elysian Systems, a leading independent provider of Exchange and Electronic Trading technology, today announced that Tullett Prebon (LSE:TLPR), one of the world’s largest interdealer brokers, has launched a Credit Default Swaps (CDS) trading platform that utilises Elysian Systems technology.

Launched in October, the system - tpCREDITDEAL - is based on Elysian’s highly successful multi-asset class trading system, the Liquid Trading Platform. “Significant functionality enhancements were added to Liquid version 4 to support CDS trading, and these will benefit our users in other asset classes” said Jim Barry, COO at Elysian Systems. “The launch of tpCREDITDEAL demonstrates that Liquid is a sophisticated, flexible and highly scalable trading platform.”

This production launch closely follows that of tpENERGYTRADE, a North American energy trading platform based on Liquid technology, also with Tullett Prebon.

“This second major production launch of Liquid in as many months, establishes Elysian as a leading provider of interdealer broker trading technology. We are confident that Liquid version 4 will continue to be the driving force behind the current rapid growth of Elysian” said Julian Anstes CEO at Elysian Systems

Become a bobsguide member to access the following

1. Unrestricted access to bobsguide
2. Send a proposal request
3. Insights delivered daily to your inbox
4. Career development