Strategic Move Will Expand COEX’s Capabilities in Fixed Income Credit

LONDON, 15 May 2025 - COEX Partners, a leading agency execution specialist, has entered into an agreement to acquire the credit business of Cambridge International Securities, a US- and UK-based independent fixed income broker-dealer co-founded by Kate Buckley and Bill Weber. This will mark COEX’s entry into the agency fixed income credit market and underscores its ongoing expansion across asset classes and geographies.

As part of the transaction, COEX will take on Cambridge’s credit business, strengthening its fixed income product offering and client coverage. Henry Nevstad will be appointed Global Head of Agency Credit, based in London and reporting to COEX Partners CEO Robert Bond.

“COEX has experienced strong, consistent growth, expanding into new asset classes and regions,” said Robert Bond, CEO of COEX Partners. “Entering the fixed-income credit space has been a strategic priority for us, and Cambridge’s deep expertise in this sector makes them an ideal partner. We are excited to build on their legacy and welcome their talented team to COEX Partners.”
 

ENDS

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 OTC liquidity and data solutions, with a portfolio of industry-leading brands that include ICAP, Tullett Prebon, PVM, Liquidnet and Parameta Solutions. These businesses provide broking services, data & analytics, and market intelligence that are trusted by clients globally. We operate from more than 60 offices across 28 countries. www.tpicap.com
 

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LONDON, 21 May 2025 – ICAP has today been named Commodity Broker of the Year at the 2025 Energy Risk Awards, the prestigious international industry awards recognising excellence in global commodities markets.

ICAP was recognised for its exceptional responsiveness to client demand, its track record of innovation, and investment in talent. This award marks the second major recognition for ICAP this year, following being voted by clients as ranking number one versus its peers in Energy Risk’s Energy & Commodity Rankings in March. 

Commenting on the award, Greg Holtgrave, Head of ICAP Americas Energy & Commodities, said:

“Winning both these awards in the same year is an extraordinary achievement for ICAP. It validates our strategy and our team’s commitment to delivering the best possible client service.”

ICAP’s submission was particularly noted for its expansion into new markets and asset classes. Over the last 12 months, ICAP has grown its environmental markets offering, supporting clients with transitional solutions such as gas/LNG, and covering both voluntary and compliance carbon markets. ICAP also launched a new physical bulks desk in Copenhagen, allowing clients to hedge their exposure using financially settled contracts.

ENDS

About TP ICAP Group plc 
Through our talent 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.

Media Contact     
Tom Gilbert | +44 7741231950 | thomas.gilbert@tpicap.com     

 

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LONDON, 31 March 2025 – ICAP and Tullett Prebon, both part of the TP ICAP Group, a world-leading provider of financial markets infrastructure and data, have been ranked 1st and 2nd respectively in Energy Risk’s prestigious Best Commodity Broker rankings.

The annual poll, which has been running for 25 years, is the largest of its kind in the commodities sector. Market participants vote for their preferred brokers and dealers, providing feedback on the quality of the products and services received.

Andrew Polydor, Chief Executive, Energy & Commodities, TP ICAP said: 

“To be recognised by our clients and industry peers as the world’s leading commodity broker is a significant achievement. On behalf of everyone at TP ICAP, I want to thank those that voted for us, and our teams for their hard work and commitment to delivering excellent client service.”

The past 12 months have been active for TP ICAP. In March 2024, the company acquired Aotearoa Energy, a New Zealand-based gas, power, and carbon brokerage firm. The acquisition complements ICAP’s market-leading Australian Power and Gas brokerage business and provides clients with access to the New Zealand Emissions Units (NZU) market. 

In April, TP ICAP launched its Battery Metals offering in London and Singapore, and expanded its regional operations with a new office in Dubai in December. And in January 2025, ICAP introduced a new dry bulk shipping desk. This made ICAP the first traditional inter-dealer broker to integrate physical and derivatives trading in the dry bulk commodities segment, enabling the company to serve clients across the entire supply chain, from mine to consumer.
 
ENDS

About TP ICAP Group plc 
TP ICAP is a global leader in connecting buyers and sellers across financial, energy, and commodities markets. Leveraging our expertise and cutting-edge technology, we provide unparalleled OTC liquidity and data solutions. Our portfolio includes renowned brands such as ICAP, Tullett Prebon, PVM, Liquidnet, and Parameta Solutions. These brands deliver trusted broking services, comprehensive data & analytics, and insightful market intelligence to clients worldwide. With a presence in over 60 offices across 28 countries, TP ICAP is committed to driving market efficiency and innovation.

Media Contact     
Tom Gilbert | +44 7741231950 | thomas.gilbert@tpicap.com