Tullett Prebon

Tullett Prebon is a leading global inter-dealer broker (IDB), providing intermediary broking services in fixed income, interest rate derivatives, foreign exchange, equities, and commodities between major financial institutions. In Hong Kong, it is licensed for securities dealing, futures dealing, and automated trading services, acting as a wholesale intermediary facilitating transactions between banks and other institutional counterparties rather than serving retail clients. The firm is a subsidiary of TP ICAP, formed through the 2016 merger of Tullett Prebon and ICAP's global brokerage business, creating one of the world's largest inter-dealer broking groups. Its revenue is derived from brokerage commissions and fees earned on matched principal and voice-brokered transactions.