TP ICAP, a leading global markets infrastructure and data solutions provider, is delighted to announce that its Fusion platform has won OTC trading platform of the year at the 2022 Risk Awards.

The Risk Awards are the industry's longest-running and most prestigious awards, recognising firms for performance and innovation across all OTC derivatives platforms. 

Fusion is a multi-asset liquidity platform that is driving the transition of TP ICAP’s Global Broking business from voice to electronic protocols.  The platform enables clients to smoothly access TP ICAP's liquidity pools across all products, asset classes, brands and regions.

The strategy brings together dedicated hubs for the Rates, FX, Credit and Energy asset classes, offering material scope for trading correlation opportunities.

Embracing features such as single sign-on and a common look-and-feel user interface covering all TP ICAP screens, Fusion enables clients to trade the way they want with highly customisable screens. This allows for an easier and more efficient workflow for traders active across multiple instruments or asset classes to absorb information pre-trade, at point of trade, and post-trade. 

Don McClumpha, Chief Executive Officer, TP ICAP, EMEA, said: "Fusion has the potential to modernise market infrastructure for the benefit of our clients.  Having dedicated electronic trading hubs for Rates, FX, Credit and Energy – all accessible via Fusion – offers tremendous scope for trading correlation opportunities.  This win is recognition of Fusion’s scale of potential use and the innovation demonstrated by our teams who have developed the platform.  Kudos to them, huge thanks of course to our clients for your ongoing support, and thanks too to Risk for your measured consideration." 

Read the article published on Risk.net here

About TP ICAP Group plc

TP ICAP Group plc is a leading global markets infrastructure and data solutions provider.  The Group operates a portfolio of separate and competing brands to deliver intermediary services, contextual insights and intelligence, trade execution, pre- and post-trade services, and data-led solutions. We are formed of four business divisions:

• Global Broking: the largest Interdealer Broker in the world operating under the ICAP, Tullett Prebon and Louis Capi1tal brands servicing clients in Rates, FX, Credit and Equities. We match buyers and sellers, facilitate price discovery, liquidity, execution and risk management.
• Energy & Commodities: the world’s leading OTC energy and commodities broker operating under the ICAP, PVM and Tullett Prebon brands. Active in all major commodities markets including oil, gas, power, renewables, ferrous metals, base metals, precious metals and soft commodities. 
• Agency Execution: serving the buy side operating under the Liquidnet and COEX Partners brands. We provide trading services for a broad range of asset classes, serving a sophisticated client base of asset managers, asset owners and hedge funds.
• Parameta Solutions: formed of two businesses - Data & Analytics (D&A) and Post Trade Solutions.  D&A is the world leader in providing of scarce, neutral OTC data.  Consequently, it is well placed to offer unbiased data products and solutions that facilitate trading, enhance transparency, reduce risk, improve operational efficiency and a broad range of risk management solutions.  Post Trade Solutions provides pure electronic services focused on resetting, compression and repo.

www.tpicap.com

Media Contact

TP ICAP

Fay Rajaratnam

Fay.Rajaratnam@tpicap.com

Maitland/AMO

Freddie Barber

+44 (0) 782 519 7570

fbarber@maitland.co.uk

Tullett Prebon, part of TP ICAP group, a leading provider of market infrastructure, announces that it has successfully launched its energy broking business in Brazil. The move opens the door for institutional market participants across the world to trade the country’s energy, over 80% of which is renewable[1].

Tullett Prebon is the first international brokerage company to transact an energy deal in the Brazilian market using OTC (over the counter) voice broking. Operating since October 2021, the Brazil power team has already seen strong momentum, completing multiple transactions in its first few weeks of trading, the majority of which have been derived from renewable sources.

Oliver Maarraoui, Managing Director of Latin American Energy and Commodities at TP ICAP, said: “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.

“Operating under the Tullett Prebon brand, we have a very strong team of brokers based out of Sao Paulo, locally managed by Gonzalo Terracini. It is very encouraging to see that they have already seen a significant amount of interest from global market participants as Brazil increasingly becomes an attractive market for ESG-focused investors.”

Andrew Polydor, CEO Global Markets at TP ICAP, said: ”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.

“Green energy is fast becoming a driving force in financial markets and we’re seeing investors and traders across the world looking to increase exposure to renewable energy as a priority. In countries like Brazil we are working to put in place effective market infrastructure to help to accelerate the transition to a more sustainable future. This is another proof point in TP ICAP’s ambition to be the leading broker for the transition to a low carbon economy.”

Brazil has the second largest hydropower capacity in the world, accounting for the majority of the country’s annual power generation[2]. We also see significant potential within its wind and solar industries. The Brazilian government has launched several policies to promote renewable sources, with onshore wind and solar photovoltaic (PV) both being major focus areas[3]. The Brazilian energy market is also active in the voluntary carbon credit market and we believe that this has considerable potential to grow.

About TP ICAP Group plc

TP ICAP Group plc is a leading global markets infrastructure and data solutions provider.  The Group operates a portfolio of separate and competing brands to deliver intermediary services, contextual insights and intelligence, trade execution, pre- and post-trade services, and data-led solutions. We are formed of four business divisions:

• Global Broking: the largest Interdealer Broker in the world operating under the ICAP, Tullett Prebon and Louis Capital brands servicing clients in Rates, FX, Credit and Equities. We match buyers and sellers, facilitate price discovery, liquidity, execution and risk management.
• Energy & Commodities: the world’s leading OTC energy and commodities broker operating under the ICAP, PVM and Tullett Prebon brands. Active in all major commodities markets including oil, gas, power, renewables, ferrous metals, base metals, precious metals and soft commodities. 
• Agency Execution: serving the buy side operating under the Liquidnet and COEX Partners brands. We provide trading services for a broad range of asset classes, serving a sophisticated client base of asset managers, asset owners and hedge funds.
• Parameta Solutions: formed of two businesses - Data & Analytics (D&A) and Post Trade Solutions.  D&A is the world leader in providing of scarce, neutral OTC data.  Consequently, it is well placed to offer unbiased data products and solutions that facilitate trading, enhance transparency, reduce risk, improve operational efficiency and a broad range of risk management solutions.  Post Trade Solutions provides pure electronic services focused on resetting, compression and repo.

www.tpicap.com

[1] International Renewable Energy Agency, Brazil energy profile, 2020

[2] McKinsey & Company, How Brazil can optimize its cost of energy, 10 March 2021

[3] GlobalData, Brazil Power Market Outlook, 2021

Please note recently updated Terms of Business has been removed and the previous one reinstated. 

ICAP Energy OTF Venue Page

Capitalised terms used in this Market Notice shall have the meaning ascribed to them in the ICAP Energy OTF Rulebook.

Please direct any questions regarding this Market Notice to: 

Email: icapenergyotfoperator@tpicap.com

Post: ICAP WCLK Limited, 135 Bishopsgate, London, EC2M 3TP, United Kingdom

Please note recently updated Terms of Business has been removed and the previous one reinstated. 

ICAP Global Derivatives MTF Venue Page 

Capitalised terms used in this Market Notice shall have the meaning ascribed to them in the ICAP Global Derivatives MTF Rulebook.

Please direct any questions regarding this Market Notice to:

Email: sefexecution.specialists@us.icap.com

Post: TP ICAP Markets Limited, 135 Bishopsgate, London, EC2M 3TP, United Kingdom.

Please note recently updated Terms of Business has been removed and the previous one reinstated.

TP ICAP UK MTF Venue Page

Capitalised terms used in this Market Notice shall have the meaning ascribed to them in the TP ICAP UK MTF Rulebook.

Please direct any questions regarding this Market Notice to: 

Email: tpicapukmtfoperator@tpicap.com

Post: ICAP WCLK Limited, 135 Bishopsgate, London, EC2M 3TP, United Kingdom

Please note recently updated Terms of Business has been removed and the previous one reinstated. 

ICAP Securities OTF Venue Page

Capitalised terms used in this Market Notice shall have the meaning ascribed to them in the ICAP Securities OTF Rulebook.

Please direct any questions regarding this Market Notice to:

ICAP Securities OTF

Email: islotfoperator@tpicap.com  

Post: TP ICAP Markets Limited, 135 Bishopsgate, London, EC2M 3TP, United Kingdom.

Please note recently updated Terms of Business has been removed and the previous one reinstated.

Tullett Prebon Europe OTF Venue Page

Capitalised terms used in this Market Notice shall have the meaning ascribed to them in the Tullett Prebon Europe OTF Rulebook.

Please direct any questions regarding this Market Notice to:

Email: tpeotfoperator@tpicap.com

Post: Tullett Prebon (Europe) Limited, 135 Bishopsgate, London, EC2M 3TP, United Kingdom

Please note recently updated Terms of Business has been removed and the previous one reinstated. 

Tullett Prebon Europe MTF Venue Page

Capitalised terms used in this Market Notice shall have the meaning ascribed to them in the Tullett Prebon Europe MTF Rulebook.

Please direct any questions regarding this Market Notice to:

Email: tpemtfoperator@tpicap.com

Post: Tullett Prebon (Europe) Limited, 135 Bishopsgate, London, EC2M 3TP, United Kingdom

Please note recently updated Terms of Business has been removed and the previous one reinstated. 

Tullett Prebon Securities OTF Venue Page

Capitalised terms used in this Market Notice shall have the meaning ascribed to them in the Tullett Prebon Securities OTF Rulebook or Fee Structure and Incentives document.

Please direct any questions regarding this Market Notice to:

Email: tpsotfoperator@tpicap.com

Post: Tullett Prebon (Securities) Limited, 135 Bishopsgate, London EC2M 3TP, United Kingdom.

Please note recently updated Terms of Business has been removed and the previous one reinstated. 

Tullett Prebon Securities MTF Venue Page

Capitalised terms used in this Market Notice shall have the meaning ascribed to them in the Tullett Prebon Securities MTF Rulebook.

Please direct any questions regarding this Market Notice to:

Email: tpsmtfoperator@tpicap.com

Post:

Tullett Prebon (Securities) Limited, 135 Bishopsgate, London, EC2M 3TP

Please note Terms of Business has been updated

ICAP Energy OTF Venue Page

Capitalised terms used in this Market Notice shall have the meaning ascribed to them in the ICAP Energy OTF Rulebook.

Please direct any questions regarding this Market Notice to: 

Email: icapenergyotfoperator@tpicap.com

Post: ICAP WCLK Limited, 135 Bishopsgate, London, EC2M 3TP, United Kingdom

Please note Terms of Business has been updated

ICAP Global Derivatives MTF Venue Page 

Capitalised terms used in this Market Notice shall have the meaning ascribed to them in the ICAP Global Derivatives MTF Rulebook.

Please direct any questions regarding this Market Notice to:

Email: sefexecution.specialists@us.icap.com

Post: TP ICAP Markets Limited, 135 Bishopsgate, London, EC2M 3TP, United Kingdom.

Please note Terms of Business has been updated

TP ICAP UK MTF Venue Page

Capitalised terms used in this Market Notice shall have the meaning ascribed to them in the TP ICAP UK MTF Rulebook.

Please direct any questions regarding this Market Notice to: 

Email: tpicapukmtfoperator@tpicap.com

Post: ICAP WCLK Limited, 135 Bishopsgate, London, EC2M 3TP, United Kingdom

Please note Terms of Business has been updated

ICAP Securities OTF Venue Page

Capitalised terms used in this Market Notice shall have the meaning ascribed to them in the ICAP Securities OTF Rulebook.

Please direct any questions regarding this Market Notice to:

ICAP Securities OTF

Email: islotfoperator@tpicap.com  

Post: TP ICAP Markets Limited, 135 Bishopsgate, London, EC2M 3TP, United Kingdom.

Please note Terms of Business has been updated

Tullett Prebon Europe OTF Venue Page

Capitalised terms used in this Market Notice shall have the meaning ascribed to them in the Tullett Prebon Europe OTF Rulebook.

Please direct any questions regarding this Market Notice to:

Email: tpeotfoperator@tpicap.com

Post: Tullett Prebon (Europe) Limited, 135 Bishopsgate, London, EC2M 3TP, United Kingdom