TP ICAP Launches Western Australia Gas Desk in Perth

TP ICAP has launched a dedicated Western Australia (WA) Gas Desk in Perth. It expands the company's Energy & Commodities business and strengthens its presence in Australia's largest gas-producing region. Now, the new desk is operational and will focus on the WA domestic gas market.

Supporting Domestic Gas Market

The WA Gas Desk will provide brokerage services for the domestic gas market. It aims to improve market liquidity, discovery, and transparency. Western Australia produces a large share of Australia's gas. However, much of its output goes to exports and LNG processing. It leaves the domestic market with fewer intermediaries. TP ICAP sees an opportunity to improve connections between market participants.

Expanding TP ICAP's Presence

TP ICAP already has an established presence in Australia's eastern gas market. The company is extending its expertise to Western Australia with the new Perth desk. The firm will support producers, utilities, industrial users and traders across the region. It plans to use its global experience and client network to strengthen the domestic gas market.

What Executive Says

Kellee Campbell, Divisional Director of Energy & Commodities for Australia and New Zealand, said Western Australia is an important market. It has strong demand for efficient price formation. She explained that opening a dedicated desk in Perth lets TP ICAP combine its global expertise with a local presence. It will let clients get better access to liquidity and sweeten risk management. Campbell also said the company wants to connect more market participants, improve trading efficiency, and make a transparent and resilient domestic gas market.

About TP ICAP

TP ICAP is an inter-dealer broker. It 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 aims to connect clients to superior liquidity and data solutions through its people and technology.

Wrapping Up

TP ICAP's new WA Gas Desk is expansion of Australian Energy & Commodities business. The company will improve liquidity, transparency, and market connectivity. Also, will support the region's evolving energy market.

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