Tullett Prebon Partners MillenniumIT for Electronic Broking Solutions

LONDON, NEW YORK and SINGAPORE, March 25, 2010 /PRNewswire/ -- Tullett Prebon, one of the world's leading inter-dealer brokers (IDB), and MillenniumIT, a leading technology solutions provider and part of London Stock Exchange Group, announce that they have entered into a partnership agreement.

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."

About Tullett Prebon

Tullett Prebon (http://www.tullettprebon.com) is one of the world's largest inter-dealer brokers and operates as an intermediary in wholesale financial markets facilitating the trading activities of its clients, in particular commercial and investment banks. The business now covers seven major product groups: Volatility, Rates, Non Banking & Sterling Cash, Treasury, Energy, Credit, Environmental and Equities. Tullett Prebon Electronic Broking offers electronic solutions to these products.

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 Bahrain, Bangkok, Calgary, Frankfurt, Jakarta, Luxembourg, Manila, Mumbai, Paris, Salt Lake City, Seoul, Shanghai, Sydney, Toronto, Warsaw and Zurich.

About MillenniumIT

Part of the London Stock Exchange Group, MillenniumIT is a premier technology solutions provider serving the global capital markets industry. The company's products currently power exchanges, depositories, brokerages and regulatory bodies in the United States, Europe, Africa and the Asia-Pacific region.

    For more information please visit http://www.millenniumit.com.

    For further information please contact:

    Tullett Prebon - International Media
    Charlotte Kirkham
    M:Communications
    +44(0)20-7920-2331 or +44(0)7989-528421
    [email protected]

    MillenniumIT - Media Communications
    Shameema Akbarally
    +94(0)777-789777
    [email protected]

SOURCE Tullett Prebon