TP ICAP Launches Energy Broker Platform in Brazil

TP ICAP group, a global investment firm with a pivotal role in the world's financial, energy and commodities markets, announced today that it has launched its energy broking business in Brazil. The development of the full-service energy trading platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term opens the door for institutional market players across the globe to trade the country’s energy, over 80% of which is renewable.

The TP ICAP brokerage platform aims to support the business goals of the institutional market participants as they work to offer low-cost energy to their commercial customers. The new platform will leverage its supplier relationships and substantial expertise across energy markets to provide its sales agents, teams and energy brokers with access to best-in-class commodity supply information, transactional support and analytics. Additionally, the broker platform business will provide sales agents and partners with prices from over sixty national and regional power, and natural gas energy suppliers.

Oliver Maarraoui, the Managing Director of Latin American Energy and Commodities at TP ICAP, explained why the launch is important for the company: “Entering the Brazilian energy market has been an ambition of ours for some time, particularly given the focus on renewables in the country. As a global leader in commodities broking, TP ICAP is well placed to support the growth of Brazilian energy trading by increasing liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term, transparency and price discovery in this market.”

Meanwhile, Andrew Polydor, the CEO of Global Markets at TP ICAP, added: “The early success of our Brazilian energy broking desk reflects the growing demand for access to renewable energy from global financial markets. We always listen closely to client needs and it became clear that it was the right time to have a team on the ground to service that demand.”

Growing Business to Reach Wider Clients across the World

In November last year, TP ICAP witnessed an increase in its revenues, particularly its commodities and energy business, which boomed on the back of the wider power crisis. Many households suffered from increasing energy prices last year. Clients sought to hedge against moves in oil, gas and other commodities, while energy traders made profits in the form of bonuses.

TP ICAP is the name given to the brokerage that was formed when Tullett Prebon made the acquisition of its rival ICAP’s voice-broking and information business in December of 2016.

In December last year, TP ICAP added Virtu Financial and Jane Street to the list of its liquidity providers to enable TP ICAP digital assets spot platform to provide tight pricing and have an efficient post-trade infrastructure. Last month, TP ICAP started offering crypto-linked exchange-traded products (ETPs) to its clients in Europe.