As the world turns from carbon-intensive practices to more sustainable alternatives, we believe the best way we can support this shift is through delivering on our purpose and accompanying our clients on their transition journeys.
We will achieve this by leveraging TP ICAP’s core strengths to develop and deliver the liquidity and data solutions necessary to equip market participants to advance their sustainability goals.
Energy & Commodities Products and Services
Liquified Natural Gas (LNG)
At a time when there was no market in LNG, we saw its potential and launched our LNG offering. We brokered some of the first physical cargoes and worked with the market on the development of indices and liquid trading points.
We have seen significant growth trading across our Power desks and are continuing to expand our Power franchise into several new regions including Latin America and Asia. In 2020, we settled one of the first European Energy Exchange (EEX) Japan Power futures.
We are actively involved in growing the global carbon credit market and securing the best outcomes for our clients, in both the compliance and voluntary markets.
Renewable Energy Certificates
We are a leading broker of Renewable Energy Certificates (RECs), which act as tracking mechanisms for solar, wind and other green energies as they flow into the power grid.
Other environmental & weather products
We have strong emerging franchises in Biofuels, Ethanol and related alternative products, such as Renewable Identification Numbers (RINs) and Low Carbon Fuel Standards (LCFS). In 2019, we launched our Weather Derivatives business to identify and mitigate financial exposure in the weather and climate system.
Global Climate Index
We are already active in several global renewable energy indices, including wind and solar. Additionally, we recently announced the launch of the ICAP-Speedwell Real-Time Climate Index (“the Index”). The Index, which is believed to be the first of its kind, uses global weather data to track climate change in real time thereby allowing financial risk related to the rate of climate change to be traded.
Environmental Data Package
We provide data-led solutions that cover a wide variety of sustainability-linked asset classes including: Biofuels, Renewable Energy Certificates (RECs), Guarantees of Origin and Renewable Identification Numbers (RINs)
Bond Evaluated Pricing
Our Bond Evaluated Pricing solution covers hundreds of green bonds. A green bond is a type of fixed-income instrument that is specifically earmarked to raise money for climate and environmental projects. Issuance of green bonds has exploded in recent years to new record highs.