About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Tullett Prebon Expands into Valuations Services with Acquisition of OTC Valuations Ltd

Subscribe to our newsletter

Tullett Prebon plc, an inter-dealer broker, today announces the acquisition of OTC Valuations Ltd, a provider of independent derivatives valuation services.

In an environment of increasing compliance and corporate governance requirements, OTC Valuations delivers a highly valuable service to clients, providing accurate, complete, timely, and independent pricing of derivatives portfolios.

OTC Valuations, with its significant derivatives industry expertise, mathematical modelling and software capabilities, has a strong focus on the valuation of illiquid, hard-to-value OTC securities and exotic structured products. It also provides vanilla instrument valuation services and comprehensive coverage across the spectrum of instruments traded in the global OTC markets, including fixed income, interest rates, credit, FX, equity, hybrids and structured products.

Clients, which include banks and corporations, custodians, fund administrators and asset managers, elect to receive scheduled independent portfolio valuations and risk reports from OTC Valuations, either as their primary provider, or to complement existing price sources. Other clients include service providers who outsource their more complex valuations requirements completely to OTC Valuations who in turn provide white-labelled solutions.

This acquisition complements the skill set of Tullett Prebon’s successful market data business, Tullett Prebon Information, and reflects the increasing demand from its clients and the financial industry as a whole for independent valuation services.

Paul Humphrey, CEO of Tullett Prebon Electronic Broking and Information, commented: “Recent market conditions coupled with increasing regulatory oversight have precipitated the growth in demand from fund managers for independent valuation services, notably in the area of complex derivatives. Given Tullett Prebon’s extensive involvement in these markets, both as an inter-dealer broker and as a leading supplier of market data, building a presence in the valuations arena is a natural extension of our risk management services.”

Miroslav Vanous, CEO of OTC Valuations Ltd, added: “Tullett Prebon Information’s passion for quality and excellence matches OTC Valuations’ commitment to provide our clients with unsurpassed customer service levels, making the combination of our assets a natural fit. The scale and global reach that Tullett Prebon brings to our operation will enable us to maintain and expand this core ethic to meet a significant and ongoing increase in customer demand.”

Subscribe to our newsletter

Related content

WEBINAR

Upcoming Webinar: ESG data sourcing and management to meet your ESG strategy, objectives and timeline

Date: 11 June 2024 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes ESG data plays a key role in research, fund product development, fund selection, asset selection, performance tracking, and client and regulatory reporting, yet it is not always easy to source and manage in a complete, transparent and timely manner....

BLOG

Rimes Releases Data lakehouse Designed to Provide Insights from Diverse Data Sources

Rimes has released the Rimes data lakehouse, a service that combines the advantages of a data lake and a data warehouse to enable asset managers and owners to quickly access structured and unstructured data and derive valuable insights from diverse data sources. The lakehouse comprises an advanced data storage, processing and distribution platform delivered as...

EVENT

RegTech Summit London

Now in its 8th year, the RegTech Summit in London will bring together the RegTech ecosystem to explore how the European capital markets financial industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

Regulatory Data Handbook 2023 – Eleventh Edition

Welcome to the eleventh edition of A-Team Group’s Regulatory Data Handbook, a popular publication that covers new regulations in capital markets, tracks regulatory change, and provides advice on the data, data management and implementation requirements of more than 30 regulations across UK, European, US and Asia-Pacific capital markets. This edition of the handbook includes new...