ICAP, part of the TP ICAP Group, has launched a new Dry Bulk
Commodities Desk in Copenhagen. The desk will focus on brokering physical
ferrous and non-ferrous metals.
ICAP Launches Combined Trading for Dry Bulk
This move makes ICAP the first traditional interdealer
broker (IDB) to combine physical and derivatives trading in the dry bulk
commodities segment. The desk aims to serve clients throughout the supply
chain, from mine to consumer.
The desk will be led by John Hamming, who has over 20 years
of experience in the dry bulk segment.
This development is seen as part of TP ICAP’s broader
strategy to strengthen its energy transition capabilities. The firm plans to
help corporate clients navigate the shift from fossil fuels to renewable energy
sources.
This article was written by Tareq Sikder at www.financemagnates.com.
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