ICAP, part of the TP ICAP Group, has launched a new Dry Bulk Commodities Desk in Copenhagen. The desk will focus on brokering physical ferrous and non-ferrous metals.

ICAP Launches Combined Trading for Dry Bulk

“This is an exciting step forward as we expand our capabilities and bridge the gap between physical and derivatives markets,” Joachim Emanuelsson, CEO – EMEA, TP ICAP Energy and Commodities Division said.

This move makes ICAP the first traditional interdealer broker (IDB) to combine physical and derivatives trading in the dry bulk commodities segment. The desk aims to serve clients throughout the supply chain, from mine to consumer.

“As the world’s leading energy and commodities broker, it’s important that we’re able to offer clients an unmatched, end-to-end service in the commodities space, strengthening our position as a trusted intermediary in this evolving market,” Emanuelsson added.

New ICAP Desk to Streamline Dry Bulk Trading

The desk will be led by John Hamming, who has over 20 years of experience in the dry bulk segment.

“By combining physical and derivatives trading capabilities, we are delivering a groundbreaking offering that enhances our value to clients,” Hamming, Associate Director, ICAP commented.

According to the firms, this development is seen as part of TP ICAP’s broader strategy to strengthen its energy transition capabilities. The firm plans to help corporate clients navigate the shift from fossil fuels to renewable energy sources.

“The combination of our team in Copenhagen, which brings decades of expertise to this venture, and TP ICAP’s unmatched global reach and depth of relationships means we are ready to help clients navigate the complexities of the supply chain with confidence and precision,” Hamming added.

This article was written by Tareq Sikder at www.financemagnates.com.Institutional FXRead More

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