LONDON Jan 5 (Reuters) – British interdealer broker
Tullett Prebon said it would take new cost-cutting
measures in the first half of 2012 and that previous steps to
reduce costs would lead to a 10 million pound ($15.61 million)
charge for its 2011 results.

The company added in a trading update on Thursday that its
2011 revenues were expected to be in line with the 908.5 million
pound figure it reported for 2010.

“The world’s financial markets have remained unsettled
throughout the year. There have been periods of market
volatility and heightened activity, although there have also
been periods of more subdued activity,” Tullett added in a
statement.