Inter-dealer broker Tullett Prebon is teaming up with GMEX Group to develop a hybrid voice and electronic trading platform for FX options. The new FX Options trading solution is designed to enhance Tullett Prebon’s offering to its clients, integrating GMEX’s request for quote (RFQ) technology with Tullett Prebon’s existing central limit order book (CLOB) capability. GMEX Technologies, supported by its development partner Forum Trading Solutions, will provide its bespoke trading system and market surveillance solutions for the FX options trading platform. David Perkins, managing director, electronic broking at Tullett Prebon, says: “This latest initiative highlights our intent to deliver premier electronic and hybrid solutions that empower our voice brokers and aid market liquidity whilst enhancing and simplifying our customers’ workflow.” Hirander Misra (pictured), CEO of GMEX Group and chairman of Forum Trading Solutions, says: “This agile and reliable platform will help Tullett Prebon meet the business challenges of the new regulatory landscape through FinTech innovation by ensuring voice and electronic operations work seamlessly together.”
Tullett Prebon has partnered with GMEX Group to create an FX trading platform for forex options. The platform combines voice and electronic trading to enhance and simplify workflow, bringing together GMEX’s request for quote technology and Tullett Prebon’s central limit order book.