ICAP Company Background

ICAP New Zealand Limited (ICAP) is a member of the ICAP Group, the world's premier voice and electronic interdealer broker and provider of post trade risk and information services.

ICAP Group's Global Operations

ICAP is the world's premier voice and electronic interdealer broker and provider of post trade risk and information services. The Group is active in the wholesale markets in interest rates, credit, commodities, FX, emerging markets, equities and equity derivatives.

 

ICAP is active in both established and emerging markets and operates a global network covering more than 32 countries. ICAP Group revenue was £1.7 billion in 2010/11. 

 

In Europe and the US, ICAP's Emissions desks are market leaders across the spectrum: US SOx and NOx, EU ETS and CERs. ICAP's Emission desks combine strong financial brokerage experience with focused knowledge and insight in emission credit procurement, carbon legislation, and marketing. Industry expertise allows ICAP's Emissions desks to source, market and facilitate transactions of standard and non-standardised specifications and deliveries. 

 

ICAP plc is listed on the London Stock Exchange and is a FTSE 100 company.

 

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ICAP New Zealand Operations

ICAP New Zealand Limited is the premier broking company in the wholesale interest rate market in New Zealand.

 

Established in Wellington in 1989, (originally as Fixed Interest Securities) business is transacted in New Zealand dollar denominated products which currently include Government Bonds, Treasury Bills, Bank Bills, Interest Rate Swaps, Forward Rate Agreements, Options and Forward Foreign Exchange.

 

ICAP New Zealand commenced trading Futures (as Fixed Interest Brokers ) on the New Zealand Futures and Options Exchange in 1995, providing a broking service in Bank Bills and Government Bond Futures and Options. Transactions are executed on behalf of wholesale customers in NZ, Australian and US dollar denominated futures products.

 

ICAP and NZCX

Building on ICAP's success in the European and US emissions markets, ICAP was keen to expand these services to New Zealand.

 

Recognising that the New Zealand Emissions Trading Scheme is significantly different from the EU ETS in respect of sectoral coverage and price controls ICAP sought out local expertise.

 

In 2011 ICAP chose to team up with NZCX to provide robust emissions trading services to corporate and industrial clients participating in the New Zealand Emissions Trading Scheme (NZETS).

Our Services

ICAP's New Zealand emissions trading services are jointly marketed with NZCX as ICAP-NZCX:

  • NZCX continues to provide the foundations of local expertise in the NZETS and wider climate change policy, legal frameworks and energy and environment markets development.
  • ICAP provides the trading infrastructure and administers all trading processes directly for ICAP-NZCX clients.

 

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