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ICAP Launches Integrated Dry Bulk Commodities Desk


ICAP, part of the TP ICAP Group, has announced the launch of a new Dry Bulk Commodities Desk in Copenhagen. This initiative positions ICAP as the first interdealer broker (IDB) to integrate physical and derivatives trading in the dry bulk commodities sector.   

What is the Dry Bulk Commodities Desk?  

The Copenhagen-based desk focuses on brokering physical ferrous and non-ferrous metals. By integrating physical and derivatives trading, ICAP offers a comprehensive service that caters to the entire supply chain. This unique capability sets ICAP apart in the dry bulk commodities space.

Key Leadership  

The desk is led by John Hamming, an expert with over two decades of experience in the dry bulk sector. His leadership ensures the desk is equipped with the expertise and insight needed to address the market complexities.  

Importance for ICAP and TP ICAP Group  

ICAP’s new desk bridges the gap between physical and derivatives markets. This integration allows the company to serve the supply chain more effectively. The initiative solidifies TP ICAP’s reputation as a trusted intermediary in the evolving commodities market.  

Energy Transition Capabilities  

The desk plays a critical role in supporting the global energy transition. Leveraging its expertise, TP ICAP helps corporate clients guide the shift from fossil fuels to renewable energy sources.   

Benefits for Users

This launch will have these benefits for users:

Integrated Trading Services  

Users can now benefit from ICAP’s combined physical and derivatives trading capabilities. This integration simplifies the trading process by offering a single point of contact for transactions across the dry bulk commodities supply chain.

Enhanced Market Insights  

The desk provides valuable insights into the dry bulk commodities market. This expertise helps users make informed decisions and capitalize on market opportunities.

Improved Risk Management  

The ability to trade both physical and derivative instruments under one roof allows traders to hedge their risks more effectively. Investors gain better tools to manage price volatility in the dry bulk commodities sector.

Greater Supply Chain Transparency  

ICAP provides clients with a clearer view of the entire supply chain. This transparency aids users in understanding price movements and identifying key market drivers.

About TP ICAP

TP ICAP is an inter-dealer broker that connects buyers and sellers in global financial, energy, and commodities markets. Derek Tullett founded it in 1971. It has become the world’s largest inter-dealer broker, with a revenue market share of 46% among its listed peers. The company’s mission is to connect clients to superior liquidity and data solutions through its people and technology.  

Summing Up  

The launch of the Dry Bulk Commodities Desk marks a significant step forward for ICAP. It enhances the company’s ability to serve clients with end-to-end solutions.

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