TP ICAP is Eyeing Takeover of Axiom Commodity Group
- According to a source with knowledge of the matter, the deal could be announced as soon as this week.

TP ICAP, the largest interdealer broker in the world, is reportedly in advanced talks to buy US-based Axiom Commodity Group. With TP ICAP set to report its third-quarter results on Friday, the deal could be announced as soon as this week.
Axiom was founded in 20016. It has a large presence in the natural gas, petroleum, power, biofuels, and grains markets. Because of this, the acquisition would help TP ICAP to increase its presence in these markets.
According to the report from Reuters, TP ICAP declined to comment, and Axiom couldn’t be reached as it was outside of its business hours. The deal was first reported by the Financial Times earlier today.
TP ICAP Continues to Invest in Its Energy and Commodities Unit
TP ICAP brings together buyers and sellers in the financial, energy and commodities markets. The acquisition of Axiom would be the latest investment by the firm in the continued growth of its Energy and Commodities unit.
Earlier this year in January Finance Magnates reported that the firm had acquired SCS Commodities Corp, an independent energy and commodities broker in the United States. At the time, the interdealer broker did not disclose the value of the deal, but it did reveal that it consisted of an initial cash payment and a subsequent period of five years of performance-based compensation that will also be paid in cash.
TP ICAP is the result of Tullett Prebon’s takeover of one of its rivals - ICAP’s voice-broking business in 2015. The company has a global representation with offices in North America, Europe, and the Asia Pacific region. ICAP Energy provides its services via Nymex Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a common marketing point of emphasis by brokers, whose action execution varies considerably from company to company. When execution prices are not matching the submitted price the client is charged or credited the difference resulting from the negative or positive slippage.Slippage is a very contentious issue among retail traders, which can lead to issues. Many traders view levels of slippage at brokers as a key determinant for their business. Best Execution a Legal ObligationBrokers are required by law to diver to their clients the best execution possible. Some regulators are requiring brokers to submit execution stats in order to assess the quality of their services. Other brokers are regularly posting execution statistics in order to boost the confidence of their clients in the best execution commitment of the company.Best execution has been a point of emphasis in recent years from both retail and institutional players in the FX industry. Negotiating and executing transactions in order to promote a robust, fair, open, liquid and appropriately transparent FX market is identified as one of the six main principles outlined in the FX Global Code of Conduct, which came into effect in 2018. Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a common marketing point of emphasis by brokers, whose action execution varies considerably from company to company. When execution prices are not matching the submitted price the client is charged or credited the difference resulting from the negative or positive slippage.Slippage is a very contentious issue among retail traders, which can lead to issues. Many traders view levels of slippage at brokers as a key determinant for their business. Best Execution a Legal ObligationBrokers are required by law to diver to their clients the best execution possible. Some regulators are requiring brokers to submit execution stats in order to assess the quality of their services. Other brokers are regularly posting execution statistics in order to boost the confidence of their clients in the best execution commitment of the company.Best execution has been a point of emphasis in recent years from both retail and institutional players in the FX industry. Negotiating and executing transactions in order to promote a robust, fair, open, liquid and appropriately transparent FX market is identified as one of the six main principles outlined in the FX Global Code of Conduct, which came into effect in 2018. Read this Term services, a solution that is supported by the electronic trading platforms of Globex and ICE.
TP ICAP, the largest interdealer broker in the world, is reportedly in advanced talks to buy US-based Axiom Commodity Group. With TP ICAP set to report its third-quarter results on Friday, the deal could be announced as soon as this week.
Axiom was founded in 20016. It has a large presence in the natural gas, petroleum, power, biofuels, and grains markets. Because of this, the acquisition would help TP ICAP to increase its presence in these markets.
According to the report from Reuters, TP ICAP declined to comment, and Axiom couldn’t be reached as it was outside of its business hours. The deal was first reported by the Financial Times earlier today.
TP ICAP Continues to Invest in Its Energy and Commodities Unit
TP ICAP brings together buyers and sellers in the financial, energy and commodities markets. The acquisition of Axiom would be the latest investment by the firm in the continued growth of its Energy and Commodities unit.
Earlier this year in January Finance Magnates reported that the firm had acquired SCS Commodities Corp, an independent energy and commodities broker in the United States. At the time, the interdealer broker did not disclose the value of the deal, but it did reveal that it consisted of an initial cash payment and a subsequent period of five years of performance-based compensation that will also be paid in cash.
TP ICAP is the result of Tullett Prebon’s takeover of one of its rivals - ICAP’s voice-broking business in 2015. The company has a global representation with offices in North America, Europe, and the Asia Pacific region. ICAP Energy provides its services via Nymex Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a common marketing point of emphasis by brokers, whose action execution varies considerably from company to company. When execution prices are not matching the submitted price the client is charged or credited the difference resulting from the negative or positive slippage.Slippage is a very contentious issue among retail traders, which can lead to issues. Many traders view levels of slippage at brokers as a key determinant for their business. Best Execution a Legal ObligationBrokers are required by law to diver to their clients the best execution possible. Some regulators are requiring brokers to submit execution stats in order to assess the quality of their services. Other brokers are regularly posting execution statistics in order to boost the confidence of their clients in the best execution commitment of the company.Best execution has been a point of emphasis in recent years from both retail and institutional players in the FX industry. Negotiating and executing transactions in order to promote a robust, fair, open, liquid and appropriately transparent FX market is identified as one of the six main principles outlined in the FX Global Code of Conduct, which came into effect in 2018. Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a common marketing point of emphasis by brokers, whose action execution varies considerably from company to company. When execution prices are not matching the submitted price the client is charged or credited the difference resulting from the negative or positive slippage.Slippage is a very contentious issue among retail traders, which can lead to issues. Many traders view levels of slippage at brokers as a key determinant for their business. Best Execution a Legal ObligationBrokers are required by law to diver to their clients the best execution possible. Some regulators are requiring brokers to submit execution stats in order to assess the quality of their services. Other brokers are regularly posting execution statistics in order to boost the confidence of their clients in the best execution commitment of the company.Best execution has been a point of emphasis in recent years from both retail and institutional players in the FX industry. Negotiating and executing transactions in order to promote a robust, fair, open, liquid and appropriately transparent FX market is identified as one of the six main principles outlined in the FX Global Code of Conduct, which came into effect in 2018. Read this Term services, a solution that is supported by the electronic trading platforms of Globex and ICE.