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 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 , 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.

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 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 , 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.