Risk Management Services
tpMATCH
tpMATCH is Tullett Prebon's electronic FRA matching platform that enables traders to reduce their Libor fixing risk. The system will be available in all major currencies, in multiple tenors and hosted by our London, New York and Singapore offices.
Libor fixing risk is reduced as the result of matching trades across portfolio positions. Each switch consists of two legs: one buy and one sell. Each individual order may be made up of different notional amounts but the execution amount for each leg will be equal. In certain major currencies an IMM hedging process will be applied in order to counteract curve differences resulting from the matching trades.
Traders send orders to the matching sessions by e-mailing computer generated spreadsheets to tpMATCH.
Once all orders have been uploaded into the system, tpMATCH performs a matching run. The run is based on a mid-market curve set by the industry-leading short-end swaps desk, incorporating all market expectations. Post matching run, traders will be notified of their trades and residual orders via email. All confirmations will be generated automatically and sent in the usual way, including Markit Wire/SwapsWire confirmations.
Contact
tpMATCH
Tullett Prebon plc
155 Bishopsgate
London EC2M 3TQ
Tel: +44 (0) 20 7200 7177
Fax: +44 (0) 20 7200 7176
Tullett Prebon (Singapore) Limited
50 Raffles Place
#39-00 Singapore Land Tower
Singapore 048623
Singapore
Tel: +65 6534 0830
Tullett Prebon Americas Corp.
101 Hudson Street
Jersey City, NJ 07302 3908
Tel: +1 201 984 6310
