Tullett Prebon News

Singapore Exchange (SGX) is developing a spot pricing index for the Middle East and India liquefied natural gas markets (LNG) in collaboration with inter-dealer broker Tullett Prebon, says WSJ. The index is aimed at market participants who are forced to rely on tenders for setting up prices due to the lack of an accepted price marker. The deal is aimed at boosting Singapore's status as a key LNG hub providing storage, trading, shipping and price discovery activities. The new index aims to provide a credible, consistent and transparent pricing mechanism, as the volume of LNG trades in the region continues to rise. It could also serve as a first step towards standardising LNG trade in the region. The exchange has already launched a spot price index for Asian LNG, known as Singapore SLInG.

Braemar Seascope Limited and Tullett Prebon PLC announce joint arrangement for FFA broking Braemar Seascope Limited and Tullett Prebon PLC announced the formation of TP Braemar, a joint arrangement that will broke forward freight agreements (FFAs). The TP Braemar team will be based at Braemar’s offices in and will employ four FFA brokers to work on the wet FFA market. Operations will commence on August 18.