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Tullett Prebon Announces Filing of SEF Application With CFTC


Tullett Prebon Announces Filing of SEF Application With CFTC

NEW YORK, NEW YORK -- (Marketwired) -- 08/26/13 -- Tullett Prebon, one of the world's leading interdealer brokers, today announces the filing of its Swap Execution Facility ("SEF") application with the Commodities Futures Trading Commission ("CFTC").

The SEF, registered as tpSEF Inc. and headquartered in New Jersey, is a wholly owned subsidiary of Tullett Prebon. It has been established to ensure the Company's compliance with Dodd-Frank legislation, enacted on July 21, 2010.

Shawn Bernardo, Tullett Prebon's Senior Managing Director of e-broking and member of Tullett Prebon's North American Executive Committee and Chairman of the Wholesale Markets Brokers' Association (WMBA), is named Chief Executive Officer of the SEF.

The SEF Board also consists of Public Directors, David Clark, John Spencer, and James Quaille, and Directors, John Abularrage and Christian Pezeu.

John Abularrage, Chief Executive Officer and President the Americas at Tullett Prebon, said:

"Tullett Prebon's SEF forms an important part of the development of our existing businesses as we continue to grow our global market leading offering in those areas regulated by the CFTC and SEC. Tullett Prebon will provide SEF compliant platforms for our customers to access liquidity and meet the demands of the new legislation."

Shawn Bernardo, Chief Executive Officer of Tullett Prebon's SEF, said:

"Over the past three years we have provided regulators with industry insight into the interdealer broker marketplace and have testified before Congress as the new regulations were being considered. Tullett Prebon looks forward to working with the CFTC to ensure that the Company is able to continue offering its customers swap execution services in accordance with the new regulations."

About Tullett Prebon

Tullett Prebon (www.tullettprebon.com) is one of the world's largest interdealer brokers and operates as an intermediary in wholesale financial markets facilitating the trading activities of its clients in seven major product groups: Rates, Volatility, Treasury, Non Banking, Energy & Commodities, Credit and Equities.

With offices in 22 countries, Tullett Prebon operates voice, hybrid, electronic, volume matching, algorithmic matching and ris k mitigation platforms, to accommodate the needs of its clients, and to satisfy the regulatory driven evolution of the marketplace. Tullett Prebon will be applying to be a Swap Execution Facility with the CFTC and the SEC in the US and will continue to provide regulatory compliant infrastructures in all other jurisdictions.

In addition to its brokerage services, Tullett Prebon offers a variety of market information services through its IDB Market Data division, Tullett Prebon Information.

Tullett Prebon has its principal offices in London, New Jersey, Hong Kong, Singapore and Tokyo, with other offices, joint ventures and affiliates in Bangkok, Frankfurt, Geneva, Houston (Texas), Jakarta, Luxembourg, Madrid, Manama (Bahrain), Manila, Mumbai, New York, Paris, Sao Paulo, Seoul, Shanghai, Sydney, Toronto, Warsaw and Zurich. Contacts: US media enquiries: WT Blase & Associates, Inc. Bill Blase +1 (212) 221-1079 billblase@wtblase.com

UK media enquiries: M: Communications Charlotte Kirkham +44 (0)7989 528421 kirkham@mcomgroup.com

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