Initially, tpENERGYTRADE will be offered in Canadian and Western U.S. gas and in Ontario Power Markets. The new platform will be fully supported by Tullett Prebonâs team of brokers in Jersey City, NJ and Calgary, Canada. The firm plans to offer tpENERGYTRADE to all power and gas markets in the future.
The hybrid platform will allow Tullett Prebonâs clients to trade through the firmâs voice brokers, or electronically through the screen accessing the same liquidity pool. It will provide them with greater transparency, faster execution, firm prices and straight-through trade processing.
âThis demand-led initiative is an example of a successful partnership between our voice and electronic businesses,â said Paul Humphrey, CEO eBroking at Tullett Prebon. âElectronic hybrid solutions leverage our significant voice franchise, enable innovation and provide added value to our clients.â
âTullett Prebon is extremely pleased to announce the launch of tpENERGYTRADE,â said Richard Higgs, Senior Managing Director of Energy and Treasury Products in the Americas at Tullett Prebon. âThis significant initiative to add electronic trading to our highly regarded voice brokerage capabilities will greatly enhance our trade execution process and provide valuable reporting capabilities to our clients.â
Tullett Prebon designed tpENERGYTRADE with Elysian Systems, a London-based provider of Exchange and Electronic Trading technology, to fine-tune the platform for the North American energy space.