Tullett Prebon to Tap Brazilian Acquisition Convenção for Local Data, Presence

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Tullett Prebon’s purchase of Brazilian interdealer broker Convenção Corretora de Valores e Câmbio, which was approved by Brazilian President Dilma Rousseff last week, will help the broker to strengthen its offering in Brazil and Latin America, in terms of products brokered and local market information, officials say.

Frank Desmond, managing director of Tullett Prebon Information, the broker’s data business, says the acquisition of Convenção is a key component of the group’s strategy in Latin Ame

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