The company’s new unit is aiming to provide a full list of oil products globally.įBS Broker Releases New Partner Area for its IB Program Users Go to article >Ĭommenting on the company’s move, the Head of ICAP Energy and Commodities, Graham Francis, said: “we are delighted to be back in the Oil market and to welcome Joe back to the firm. TP ICAP’s move marks the comeback of the world’s largest inter-dealer broker into oil trading. Energy Works, where he is currently a Non-Executive Director is a business that is focused on clean tech, while Oak Futures, which he left in August last year, is a proprietary trading house focused on the energy market. Join the iFX EXPO Asia and discover your gateway to the Asian Markets A wealth of experienceĪfter his career at the brokerage ended due to the downsizing of the industry amid a slump in energy prices, Hutchinson co-founded two companies. ICAP’s Oil brokerage will be headed by Joe Hutchinson, a figure well-known in the industry. Hutchinson has long been one of the top oil brokers in the world, previously serving as Head of Oil Broking at ICAP between 20. The news comes amid a sharp increase in oil prices in recent months and a difficult geopolitical environment that has been further complicated by rising prospects of a global trade war. TP ICAP has unveiled that the company is returning to commodities trading.
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