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LONDON, 2 April 2024 — Based in both London and Singapore, the new team will be led by Jack Nathan, widely regarded as an industry leader and who joins from FIS to provide Tullett Prebon clients the opportunity to trade across these fast-growing asset classes. Jack will be supported by Po Wei in Singapore who joins from JP Morgan.
Tom Fox-Hughes, Commercial Manager, Energy & Commodities APAC for TP ICAP Group said, “In what is an exceptionally fast-evolving asset class, clients are seeking real expertise to help navigate markets. With demand for electric vehicles (EV) fluctuating, and the production of battery metals rising rapidly, clients have a growing need to manage price risk and exposure. Our new desk, and the experienced hires we have made to lead it, will help us grow liquidity and support customers worldwide as the global energy transition continues to advance.”
At the end of 2023, open interest in cobalt and lithium increased very significantly as EV sales wavered, alongside a surge in production for both metals. This is especially the case for lithium, whose mining production has grown 20-fold in the last 30 years[1]. Less well known, Molybdenum is an emerging battery metal that is predicted to play a key role in increasing batteries’ electrical power, energy storage capacity, recharging speed, and stability[2].
ENDS
[1] Lithium, Cobalt Open Interest Soars as Prices Plunge
About TP ICAP Group plc
Through our people and technology, TP ICAP connects buyers and sellers in global financial, energy, and commodities markets.
We are a world-leading provider of liquidity and data solutions, with a portfolio of businesses that provide broking services, data & analytics, and market intelligence that are trusted by clients globally.
We operate from more than 60 offices across 28 countries, supporting brokers with award-winning technology.
www.tpicap.com
Media Contacts:
Tom Gilbert | +44 7741231950 | thomas.gilbert@tpicap.com
Please note that the following changes have been made to the TP UK OTF Rate Card, effective 1 April, 2024:
- Segment MIC TSCD for Financials has been updated;
- Change to the Volume Discount Threshold on EUR Inflation.
The terms remain unchanged. Please direct any questions regarding this Market Notice to:
Email: tpsotfoperator@tpicap.com
Post: TP ICAP Broking Limited, 135 Bishopsgate, London EC2M 3TP, United Kingdom.
LONDON, 27 March 2024 — TP ICAP Group, a world-leading provider of market infrastructure and data-led solutions, today announced the appointment of Silvina Aldeco-Martinez as Chief Executive Officer of Parameta Solutions, the Group’s data and analytics division. She replaces Eric Sinclair, who steps up to become Chair of the Parameta business.
Aldeco-Martinez joins from PitchBook Data, a division of Morningstar, where she was a member of the executive team and CEO of Leveraged Commentary and Data (LCD). As CEO of LCD, she successfully led the sale of the business to Pitchbook/Morningstar. Prior to that, she performed a series of senior roles at S&P Global, having started her career at ABN Amro Securities.
Nicolas Breteau, CEO of TP ICAP Group, said: “Over the last six years, Parameta Solutions has grown rapidly to be the world’s leading provider of OTC data. The business is now at the right scale and stage of maturity to take the next step in its growth story. Silvina is well qualified to lead and accelerate this growth. And with Eric moving to be Chair, the business and its stakeholders will continue to benefit from his deep industry knowledge and relationships.”
Silvina Aldeco-Martinez, CEO of Parameta Solutions, said: “I have been impressed by Parameta Solutions’ client base, the quality of our people and partners, and the exclusive access to a wealth of data that is so core to the fabric of wholesale markets. From this unique position of strength, I look forward to working with Eric and the team on further empowering our clients’ success through innovative solutions.”
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About Parameta Solutions:
Parameta Solutions is the data & analytics division of TP ICAP Group.
It is the world’s leading provider of OTC market data solutions, covering price discovery, risk management, capital optimisation, benchmark and indices, and pre- and post-trade analytics.
www.parametasolutions.com
About TP ICAP Group plc
Through our people and technology, TP ICAP connects buyers and sellers in global financial, energy, and commodities markets.
We are a world-leading provider of liquidity and data solutions, with a portfolio of businesses that provide broking services, data & analytics, and market intelligence that are trusted by clients globally.
We operate from more than 60 offices across 28 countries, supporting brokers with award-winning technology.
www.tpicap.com
Media Contacts:
Tom Gilbert | +44 7741231950 | thomas.gilbert@tpicap.com
H Advisers/Maitland | +44 207 379 5151 | tpicap-maitland@maitland.co.uk
Sydney, 19 March 2024: TP ICAP, a world-leading provider of market infrastructure, today announced the acquisition of Aotearoa Energy, a New Zealand-based gas, power, and carbon brokerage firm.
The acquisition is complementary to ICAP’s market-leading Australian Power and Gas brokerage business as well as giving clients access to the New Zealand Emissions Units (NZU) market. These are amongst the highest integrity units worldwide and sought after by global investors.
Daniel Skipper, Aotearoa Energy’s founder, will continue to lead the company, which will carry on trading as Aotearoa Energy following completion of the acquisition. He will report into Kellee Campbell, Divisional Director, Energy & Commodities for Australia & New Zealand.
Kellee Campbell said, “This is a strategically important acquisition for ICAP, and indeed the wider TP ICAP Group, given our growth aspirations in both the region and sector. We are excited about working with Daniel and his team to bring new products and services to market, such as facilitating access to NZ Financial Transmission Rights, which Aotearoa Energy currently offer to a small number of clients.”
Daniel Skipper, Aotearoa Energy said, “TP ICAP’s acquisition marks the next exciting chapter in Aotearoa Energy’s journey of growth and innovation and aligns with our commitment to delivering exceptional brokering services to our customers. I am thrilled to complement our NZ energy market services with the additional resources, capabilities, and scale that TP ICAP can offer.”
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About ICAP
Part of the TP ICAP Group, ICAP is a world-leading intermediary in the wholesale financial, energy and commodities markets. We facilitate and execute trades on behalf of the world’s pre-eminent financial institutions, ensuring efficient and liquid markets. In the Energy and Commodities Markets, we serve a well-diversified client base comprising physical trading companies, producers, banks, and the buyside. We offer brokerage solutions across a broad range of asset classes, including base and precious metals, emission credits, crude oil and oil products, electricity, natural gas, coal, freight, and weather derivatives.
About TP ICAP Group Plc
Media Contacts:
TP ICAP
Tom Gilbert, Communications Director
+44 7741231950
thomas.gilbert@tpicap.com
Maitland
H/ Advisors Maitland
M: +44 207 379 5151
tpicap-maitland@h-advisors.global
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