A press release on the Tullett Prebon website announces today that they are expanding their market data business with the acquisition of OTC Valuations.
The release states that 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.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.
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