Cantor Fitzgerald and Tullett & Tokyo Liberty Subsidiary Reunite to Launch Combined Swaps Page Within SwapMarker, a Swaps Market Data Product.Business Editors NEW YORK--(BUSINESS WIRE)--Feb. 19, 2002 Product alliance between Cantor and Tullett once again provides benchmark market data to the fixed income trading community Cantor Fitzgerald Cantor Fitzgerald L.P. is a global financial services firm specializing in bond trading, as well as investment banking, asset management, market data and brokerage services. , LP and Tullett Financial Information (C.I.) Ltd, a subsidiary of Tullett & Tokyo Liberty, plc, today announced the formation of an alliance to combine one another's benchmark data within a co-branded page that will be offered to customers directly from Cantor Market Data, Tullett Financial Information, or through Reuters. This venture reunites the interdealer brokers who formerly provided benchmark pricing through another vendor, and exemplifies the current trend in market data distribution, providing customers with multiple points of access and more flexible distribution options. The Cantor - Tullett swaps page, available as part of Tullett's SwapMarker product, combines the strength of Cantor Market Data's benchmark US Treasury Government bond data with Tullett's leading US Dollar Interest Rate Swap Interest Rate Swap A deal between banks or companies where borrowers switch floating-rate loans for fixed rate loans in another country. These can be either the same or different currencies. prices to provide the fixed income market with high quality pricing information for the rapidly growing Interest Rate Swap market. This is the first direct deal between these two companies, and is the only deal that successfully integrates the depth and breadth of each company's offerings to create a powerhouse product that delivers a proven benchmark US Dollar Swaps market data solution to fixed income and derivatives market The derivatives markets are the financial markets for derivatives. The market can be divided into two, that for exchange traded derivatives and that for over-the-counter derivatives. participants worldwide. "We are thrilled to be adding an additional swaps product to our Cantor Market Data offering and particularly excited to be working with Tullett's, a leader in the Swaps market," said Harry Fry, Senior Managing Director of Cantor Fitzgerald and Head of Cantor Market Data. "We are confident that the combined Cantor - Tullett's swaps page will provide fixed income market participants with an extraordinary tool for realizing opportunities in this business. The launch of this combined page enables us to provide more options and flexibility to an even wider audience, by enhancing Cantor Market Data's pre-eminent offerings of US Treasuries and worldwide Government bond data with its natural complementary swap data." This alliance is a further milestone in Cantor Market Data's continued position as the leading global provider of fixed income prices to the global investment community. In addition to this alliance with Tullett Financial Information, Cantor Market Data has distribution relationships with Bloomberg, Reuters and ILX. "Tullett Financial Information is excited to be working with Cantor on this venture. Their position as an industry leader in US government securities pricing, combines with our leadership position in Interest Rate Swaps to create another comprehensive and attractive product," said David Mukerji, Director of Global Sales for Tullett Financial Information. "By combining our respective strengths, offering an alternative high quality service and increasing our distribution options, we are now able to provide market participants with the best swaps data available anywhere." Customers interested in this new product can access it directly from Cantor Market Data, at www.cantordata.com, directly from Tullett Financial Information, or by contacting a Reuters sales representative and asking for page SMKR 100. ILX Global Systems and other vendors will carry the service shortly. About Cantor Fitzgerald Cantor Fitzgerald is a financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. firm with operating units operating unit A type of operating company that engages in transactions with outsiders and that is owned by another business. For example, in 1995 the stockholders of Capital Cities/ABC approved a $19 billion merger with the Walt Disney Company, whereupon that are involved in a variety of market-based business initiatives. From its position as a leading financial intermediary Financial Intermediary An institution that acts as the middleman between investors and firms raising funds. Often referred to as financial institutions. Notes: This can include chartered banks, insurance companies, investment dealers, mutual funds, and pension funds. in the equity and fixed income markets, Cantor has expanded the scope of its business to include investment banking, energy brokerage, telecom brokerage, CO2 emissions trading Emissions trading (or cap and trade) is an administrative approach used to control pollution by providing economic incentives for achieving reductions in the emissions of pollutants. and electronic trading  This article or section is in need of attention from an expert on the subject.Please help recruit one or [ improve this article] yourself. See the talk page for details. technology. Cantor brings its experience and expertise in the financial markets and its legacy of innovation in technology to benefit institutional investors Institutional Investor A non-bank person or organization that trades securities in large enough share quantities or dollar amounts that they qualify for preferential treatment and lower commissions. and traders around the world. For the next five years, Cantor Fitzgerald will share 25% of its profits with the families of the Cantor, eSpeed and TradeSpark colleagues that we lost on September 11, 2001. These are profits that would have otherwise been distributable to the partners. These distributions will cover 10 years of health insurance costs for all families and provide each of those families with an additional minimum payment of $100,000 each. To learn more, please visit www.cantor.com About Tullett and Tokyo Liberty Tullett Financial Information (C.I.) Ltd. is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Tullett and Tokyo Liberty plc, one of the largest inter-dealer broking Bro´king a. 1. Of or pertaining to a broker or brokers, or to brokerage. Redeem from broking pawn the blemished crown. - Shak. groups in the world, with nearly 2,000 brokers in all the leading financial centers in Europe, North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , Asia, South America South America, fourth largest continent (1991 est. pop. 299,150,000), c.6,880,000 sq mi (17,819,000 sq km), the southern of the two continents of the Western Hemisphere. and Australia and is a leading broker in fixed income securities and global money and capital markets. Tullett Financial Information provides benchmark money markets, capital markets & fixed income prices via all major information vendors and many local and specialist financial information distributors throughout the world. For more information about Tullett and Tokyo Liberty, visit www.tullib.com. |
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