TP ICAP
TP ICAP Group is the world's largest inter-dealer broker and energy & commodities broker, connecting clients across financial, energy, and commodities markets through its market-leading brands including Tullett Prebon, ICAP, and PVM.
Overview of TP ICAP Group
TP ICAP Group is known as the world’s largest inter-dealer broker and the most prominent energy and commodities broker. It operates a global network, connecting clients in the financial, energy, and commodities markets. With over 5,200 employees spread across 63 offices in 28 countries, TP ICAP Group offers a comprehensive suite of broking protocols across all major asset classes, including rates, FX, credit, equities, energy, renewables, other commodities, and digital assets.
TP ICAP Group Core Brands
TP ICAP Group operates five core brands: Tullett Prebon, ICAP, PVM, Liquidnet, and Parameta Solutions. Tullett Prebon and ICAP are market leaders in financial intermediation, serving diverse client segments such as banks, asset managers, hedge funds, corporates, trading houses, and market makers. PVM specializes in oil and petroleum product broking, serving major oil companies, trading houses, and financial institutions. Liquidnet focuses on digital trading, primarily in equity markets, while Parameta Solutions delivers OTC pricing data.
PVM Overview and Services
Established in 1971, PVM is the world’s leading broker of oil instruments. It provides brokerage services for crude oil, petroleum products, and various non-oil commodities. PVM's client base includes major oil companies, independent refiners, shipping companies, government agencies, trading houses, banks, and investment funds. The company handles more than 100 million barrels of OTC and futures volume daily, and operates from locations in New York, London, Vienna, Houston, and Singapore.
ICAP's Broking Services
ICAP is a prominent intermediary in wholesale financial, energy, and commodities markets, facilitating and executing trades for the world’s leading financial institutions. ICAP's broking services span various asset classes, including rates, equities, foreign exchange (FX), money markets, fixed income, local markets, and credit. It serves a diverse client base, including physical trading companies, producers, banks, and the buyside. ICAP also offers brokerage solutions for base and precious metals, emission credits, crude oil, electricity, natural gas, coal, freight, and weather derivatives.
Parameta Solutions and Data Services
Parameta Solutions, a part of TP ICAP Group, is recognized as the world’s leading provider of scarce, neutral OTC pricing data. The division maintains a 98% client renewal rate and is exploring options to unlock its inherent value, including the possibility of an IPO for a minority stake. Parameta Solutions is dedicated to high standards of data service, ensuring clients have access to accurate and timely market information for their trading and investment needs.