The Group’s IDB business operates under the Tullett Prebon brand as one of the world’s largest inter-dealer brokers.
Tullett Prebon operate as an intermediary in wholesale financial markets facilitating the trading activities of their clients, in particular commercial and investment banks. In certain product areas the customer base also includes financial institutions and other professional investors.
The IDB business covers five major product groups: Fixed Income Securities and their derivatives, Interest Rate Derivatives, Treasury Products, Equities and Energy. The business brokes these products on either a “name give-up” basis (where the counterparties to a transaction settle directly with each other) or a “matched principal” basis (where Tullett Prebon is the counterparty to each leg of a transaction). In addition, the business has an information sales activity.
Tullett Prebon operates a “hybrid” model with voice broking provided to clients via direct lines to trading desks supported by proprietary screens that display historical data, analytics and real time prices.





