Tullett & Tokyo Liberty has hired investment banking firm Donaldson, Lufkin & Jenrette (DLJ) to advise on the company’s business to business e-commerce expansion.
Tullett & Tokyo Liberty has recently launched a number of electronic dealing systems for the international financial markets including, LibertyDirect for the fixed income markets and Fast Forwards for the forward foreign exchange market.
Tullett & Tokyo Liberty intends to broaden its E-Commerce strategy later this year by delivering electronic dealing systems for other financial instruments through an integrated platform globally.
With the recent signing of a letter of intent to acquire the outstanding portion of Natsource, Tullett & Tokyo Liberty’s energy brokering affiliate, the company also intends to develop an electronic solution for the energy market place.
“We are moving into a very exciting phase in the development of our e-commerce business,” says Joseph Macchia, COO of Tullett & Tokyo Liberty. “We are very confident in our plans and optimistic about our future.”
“DLJ brings a long history of professionalism in investment and banking services,” adds David Tuffley, CEO of Tullett & Tokyo Liberty. “We were looking for an investment bank that could offer the proven experience to help us implement a bold business plan and the market depth to help us connect to the right resources.”