TULLETT PREBON INFORMATION TO PROVIDE THOMSON REUTERS WITH
CHINESE BOND DATA
- First international vendor to carry innovative new dataset London and Shanghai, 3rd October 2013: Tullett Prebon Information (TPI), leading
provider of independent real-time price information from the global over-the-counter financial
and commodity markets, has announced it will now be providing Thomson Reuters with
Chinese bond data.
Tullett Prebon, one of the world’s largest inter-dealer brokers, will source the data from TP
Sitico, a joint venture established between Tullett Prebon and Shanghai International Trust
Co., Ltd, a member of the state-owned enterprise Shanghai International Group.
The service is comprehensive, providing real-time prices for several hundred instruments
and enabling indicative end-of-day pricing for around 1900 bonds. It covers a substantial
portion of the traded market, including Government Bonds, PBOC Bills, Corporate
Commercial Paper and Medium Term Notes, Policy Bank Bonds and Notes, and Enterprise
Bonds.
The recently launched service – the first of its kind for the international community – will give
investors an edge when participating in the world’s fourth largest debt market. TPI’s dataset
promises to inject transparency through the provision of accurate, independent and reliable
pricing and price curves. In addition to the onshore bond data, TPI will also be providing
Thomson Reuters with data for over 300 offshore CNH Dim Sum Bonds, sourced from
Tullett Prebon’s brokerage operation in Hong Kong.
Commenting on the deal, David Liu, Managing Director, Financial & Risk, Thomson
Reuters, China, said:
“China’s bond market has seen significant developments in recent years. As a
strategic partner of Tullett Prebon, Thomson Reuters is proud to help domestic and
international market participants make better informed trading decisions, as well as to
facilitate market participation and liquidity.”
Frank Desmond, Managing Director, Tullett Prebon Information added:
“Over the past 20 years the Chinese bond market has grown to become the 4th largest in the
world with a value outstanding of CNY 22.6 tn (USD 3.77tn)i. Further growth is expected,
particularly in relation to corporate bonds, as the Chinese Government encourages the
growth of a domestic bond market diversifying credit risk away from the banking system.
This growth will be accompanied by a demand for higher standards of transparency and our
Chinese Bond service represents an important step in meeting that demand.
Commenting further, Andrew Reeve, Head of Asia Pacific, Middle East and Africa at
Tullett Prebon Information, said:
“The fact that we are seeing demand for Chinese bond data from a premier international
financial data vendor is indicative of the shifting global economic landscape. By shining a
light on certain corners of the global financial markets we can help customers capitalise on
this shift.”
– ends –
For further information:
Ellie Bacon / Katy Galasinski, Aspectus PR
+44 (0) 20 7092 8134
ellie.bacon@aspectuspr.com
katy.galasinski@aspectuspr.com
About Tullett Prebon Information
Tullett Prebon Information (www.tpinformation.com) is a leading provider of independent
real-time price information from the global OTC financial and commodity markets. Tullett
Prebon Information delivers the highest-quality independent price data using state of the art
technologies and data publication standards covering major markets including Rates, Fixed
Income, FX and Money, Volatility, Energy, Inflation, Credit and Equities. Tullett Prebon
Information’s data is relied upon by customers in over 40 countries.
About TP Sitico
Tullett Prebon SITICO (China) Ltd. was established on 20th December 2005 in Shanghai,
invested by Shanghai International Trust Co., Ltd. and Tullett Prebon (Europe) Ltd. Located
at Lujiazui Financial Center, the company is the first inter-dealer broker (“IDB”) approved for
carrying out business by the China Banking Regulatory Commission (“CBRC”) in China and
is the first player in China’s inter-dealer broking industry. The opening up of the company
indicates the innovation of China’s financial organizational system and has a wide range of
active influences for ameliorating China’s financial market structure, improving market
service level and increasing the efficiency of market functions. The parent companies of both
shareholders are Shanghai International Group (a large-sized state-owned enterprise group
in Shanghai) and Tullett Prebon (one of the world’s largest inter-dealer brokers) respectively.
Both parties will make joint efforts to make the company a flagship player in China’s interdealer broking industry.
i
Bank of International Settlements, Quarterly Review 3rd June 2013