Tullett Prebon's China venture freed from money broker data feed ban
March 19, 2023 at 09:33 am EDT
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SHANGHAI (Reuters) - Tullett Prebon's Chinese joint venture will resume its data feed on Monday, sources close to the matter told Reuters, becoming the last Chinese money broker to come out of a short regulatory ban that triggered chaos in China's $21 trillion bond market.
Regulators on Wednesday barred money brokers from feeding data to financial platforms, triggering a plunge in bond market turnover. Beijing scrapped the ban on Friday, allowing all money brokers but Tullett Prebon SITICO to resume data feeds.
Tullett previously had an exclusive data feed deal with local vendor Ningbo Sumscope Information Technology Co - owner of popular platform qeubee - but it will now start supplying bond price data to rival platforms such as Wind and Dealing Matrix (DM), two data vendors and one money broker told Reuters.
Other Chinese money brokers include the joint ventures of NEX International Ltd, BGC Partners, Central Tanshi and Compagnie Financiere Tradition.
(Reporting by Samuel Shen and Brenda Goh; Editing by David Goodman)
BGC Group, Inc. is a global brokerage and financial technology company servicing the financial markets. The Company, through its affiliates, specializes in the brokerage of a range of products, including fixed income, foreign exchange, equities, energy and commodities, shipping, and futures. It also provides a variety of services, including trade execution, brokerage, clearing, trade compression, post-trade, information, and other back-office services to a range of financial and non-financial institutions. Through its brands, including Fenics, FMX, FMX Futures Exchange, Fenics Markets Xchange, Fenics Digital, Fenics UST, Fenics FX, Fenics Repo, Fenics Direct, Fenics MID, Fenics Market Data, Fenics GO, Fenics PortfolioMatch, BGC, BGC Trader, KACE and Lucera, it offers financial technology solutions, market data, and analytics related to numerous financial instruments and markets. It serves banks, broker-dealers, investment banks, trading firms, hedge funds, governments and corporations.
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