Under the agreement MillenniumIT will work with Tullett Prebon to further develop the IDB's electronic broking capabilities across a variety of asset classes for both internal and external trading systems.
Paul Humphrey, CEO of Tullett Prebon Electronic Broking & Information,
said: "MillenniumIT are industry leaders supplying robust and efficient electronic trading platforms.
This partnership marks a significant milestone in Tullett Prebon's ambitions to supply client-orientated hybrid solutions to complement
our current global electronic offering.
Tullett Prebon's strategy leverages and enhances the group's significant IDB voice franchise with client-focused and innovative technology delivery. This partnership demonstrates that Tullett Prebon will continue to invest in our electronic broking capability to ensure we provide a competitive service to our wholesale clients."
Tony Weeresinghe, CEO of MillenniumIT, said: "We are delighted to be partnering with Tullett Prebon, one of the world's leading interdealer brokers, to help them further develop their electronic broking capabilities. With nearly 15 years of experience of
providing solutions to some of the largest players in the global capital markets industry, MillenniumIT has a track record of delivering innovative, scalable trading solutions for firms who need to be at the cutting edge of technology, and we look forward to working with Tullett Prebon to help them deliver the services their clients demand."