ICAP, part of the TP ICAP Group, a world-leading provider of financial markets infrastructure and data solutions, announced the launch of a new Copenhagen-based Dry Bulk Commodities Desk, focused on brokering physical ferrous and non-ferrous metals.

With the launch of the desk, ICAP becomes the first traditional interdealer broker (IDB) to integrate physical and derivatives trading in the dry bulk commodities segment. This new capability allows ICAP to serve clients across the entire supply chain, from mine to consumer.

The new desk comprises an experienced globally-focused team, bringing a wealth of experience in commodities markets. The desk will be led by John Hamming, who brings more than 20 years’ experience in the dry bulk segment.

Joachim Emanuelsson, CEO – EMEA, TP ICAP Energy and Commodities Division said:

“This is an exciting step forward as we expand our capabilities and bridge the gap between physical and derivatives markets. 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.”

John Hamming, Associate Director, ICAP commented:

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

The new desk deepens TP ICAP’s energy transition capabilities – leveraging the firm’s expertise and access to physical commodity markets to enable corporate clients to manage the complicated process of moving from fossil fuels to renewable energy sources at scale.

Source: TP ICAP