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Tullett Prebon Information & Murex sign partnership agreement

First Published 22nd February 2017

Collaboration grants Murex and its clients access to TPI's OTC data.

Frank Desmond, TPI

Frank Desmond, TPI

London - Tullett Prebon Information (TPI) has signed a partnership agreement with Murex, the provider of trading, risk, and processing solutions. The deal allows Murex to use TPI's data for internal model validation, while TPI gains exposure to a wider range of market participants.

TPI will provide real-time, end-of-day and historic data sets including foreign exchange, rates, equities and commodities.

TPI's data will assist in back-testing and calibrating Murex's models, ensuring they are validated against reliable, real-world data. The historical data secures model stability and continuity of results from day-to-day. In addition, users of MX.3, Murex's technology platform, may access a snapshot of TPI's historic data for testing purposes.

In order to integrate TPI's datasets, Murex has built a feed-handler to TPI's FTP files. TPI's data will be available to Murex customers globally.

Frank Desmond, CEO at TPI, comments: "Murex is the leader in trading and risk with an impressive reach across the financial markets. This partnership is an important strategic move for us. It is a welcomed endorsement of the quality of our data and our ability to provide Murex, and its clients, with a consistent view."