CST merger leads to derivatives domination

NEWS

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Tullett Prebon won 23 out of 61 interest rate categories and 12 out of 31 currency categories – just enough to sneak it ahead of UK-based rival Icap, which came top in 22 interest rate and 11 currency derivatives groupings.

"The merger combined the strengths of both businesses. It brought together the forex forwards, cash, credit default swap and energy franchises from Prebon with the fixed income, interest rate derivatives, equities and forex options strengths of Tullett," said Stephen Duckworth

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