cgull
Well-Known Member
Anybody know?
What does Tullett Prebon do?
- Thread starter cgull
- Start date
Keen_Ed
Well-Known Member
snooks
Well-Known Member
cgull
Well-Known Member
Not much to do with boats then. Maybe financing "investments" in yachts.
photodog
Lord High Commander of Upper Broughton and Gunthor
Tullett Prebon operates as an intermediary in wholesale financial markets facilitating the trading activities of its clients, in particular commercial and investment banks. The business now covers seven major product groups: Volatility, Rates, Non Banking, Treasury, Energy and Commodities, Credit, and Equities. Tullett Prebon's electronic broking division offers electronic solutions to these products. In addition to its brokerage services, Tullett Prebon offers a variety of market information services through its IDB Market Data division, Tullett Prebon Information.
Whatever that means.
Whatever that means.
snooks
Well-Known Member
Prolly the same amount that schroders did previously or cigarettes have to do with motor racing, or watches have to do with the fastnet.
Sorry, what was your point again?
pyrojames
Well-Known Member
The problem with google is that it gives you their information on what they do, which doesn't actually explain what they do, unless you already know.
It sounds like the shady side of the financial world. In my words, "We play with the filthy rich's money, to make them richer", in their words "enabling them to hedge interest rate exposure and volatility risk generated from structured and vanilla (WTF?) trades", "Credit Derivatives" etc.
It sounds like the shady side of the financial world. In my words, "We play with the filthy rich's money, to make them richer", in their words "enabling them to hedge interest rate exposure and volatility risk generated from structured and vanilla (WTF?) trades", "Credit Derivatives" etc.
bedouin
Well-Known Member
If you don't know then it is very hard to explain 
They are an "inter dealer broker" to allow the major players in the financial markets (i.e. the big trading banks) to trade with each other.
They are an "inter dealer broker" to allow the major players in the financial markets (i.e. the big trading banks) to trade with each other.
bedouin
Well-Known Member
They don't play with anyone's money - they usually act as "riskless matched principal" which means that all they do is match buyer with seller (rather like an estate agent
) but they will never take a position themselves. That makes them usually at least two stages removed from any investor
Twister_Ken
Well-Known Member
Sponsors boat shows, dunnit?
BobPrell
Well-Known Member
Google gives you their information? I don't think so. Google gives you a whole heap of links to where the subject has been mentioned on the internet. You have to decide which ones to read. If you are digging for dirt you will find it I do not doubt. You may need to kick aside some gold to do it.
OTOH if you want a neutral idea of what they do you could go to the google-suggested wikipedia link. Then if you can't understand what's there, wikipedia can educate you about what brokers do.
pyrojames
Well-Known Member
I went here, http://www.tullettprebon.com/index.aspx, the horses mouth so to speak.
If you think what I have quoted is "dirt" then it is theirs. The descriptions of their activities on their website does not tally with only "brokers". Check their "Property" section, which starts with dervitives products? Sound like something that might have caused some ructions in the finacial world recently?
Yes, they sponsor the boat show, which is fine, it just puts boat show users on the winners side of the finacial world. It is a good place to be, as long as you didn't loose out by being one of the loosers as some stage.
BobPrell
Well-Known Member
So you did not google.
I have heard that some people say "I googled" when they mean "I found something on the internet". This is the first instance of it I have seen.
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Seajet
...
Rather than some examples here of trying to justify completely non-productive 'jobs' created from thin ( or hot ) air, I'll stick with;
vanilla (WTF?)
- Explains everything to me !
vanilla (WTF?)
- Explains everything to me !
Sans Bateau
Well-Known Member
Whatever they 'do', their marketing works, its got you lot talking about them, and how many others as they enter Excell have asked the same question.
bedouin
Well-Known Member
Well exactly - if you don't understand the market it won't make a whole lot of sense.
A Vanilla (derivative) is anything that isn't exotic
gjgm
Well-Known Member
So on one line you confess you dont understand it at all, but feel confident in
concluding their jobs are created from thin/hot air ?
Phoenix of Hamble
Well-Known Member
In fairness, Vanilla is a term used a lot in financial services to mean 'plain, ordinary, not particularly customised, standard etc'
gjgm
Well-Known Member
as opposed to "structured...".which in simple terms means combining the underlying vanilla products to create-or resolve- a more complex risk, usually through options.
Lets say you think rates are going to go up, but you need to finance something. You could
1.borrow the money now, but thats inefficient if you dont need to money straight away.
2. Set a rate now to borrow the money from a date in the future; better, but still not very cost effective.
3. Buy an option, which is like an insurance premium, that will pay you something back if rates do indeed go up.
4. If you think rates will peak at a particular level, you can do (3), but also then sell an option at a higher rate, as this way you receive the premium/fee, so reducing your cost. However, you have limited your upside risk protection.
5. You can do (3), but agree that if rates go above a certain level you lose all your protection, including from (3).
6 and so on and so on.
You can create protection for yourself by using the vanilla,underlying products, but if you create a more complex.structured product, you can tailor the protection to exactly what suits your specific needs, and it may well be cheaper to buy such protection. However, you need to understand exactly what protection you have constructed, and the "value" of such protection becomes much more complex to calculate as interest rates, time and volatility swing during the life of the contract.
