Tullett Prebon Signs Up For T-Zero®'s CDS Processing Service
Dow Jones - March 20, 2008

Inter-dealer broker Tullett Prebon will start processing its CDS trades with the help of T-Zero® in the second quarter of the year.  T-Zero® provides trade details electronically to reduce or eliminate time-consuming and error-prone manual procedures which have plagued CDS.T-Zero® aims to automate “anything that doesn’t need a human being to think about it,” said T-Zero® President Mark Beeston.  “T-Zero®’s post-trade capabilities provide important efficiencies and transparency in the credit derivatives market,” Paul Humphrey, CEO of e-brokering at Tullett Prebon said.

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