TP ICAP sees hedge funds reshape commodity market structure

15th July, 2026

Zak Jakubowski

Commodity derivatives markets are becoming increasingly financialised as hedge funds and commodity trading advisers (CTAs) replace traditional producers and consumers as the dominant source of trading activity, according to the UK-based inter-dealer broker.

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ABN AMRO
Bank of America
CBOE
Citi
Goldman Sachs
DRW Holdings
HSBC
J.P Morgan
Marex
Morgan Stanley
SGX
SocGen
Susquehanna
MUFG Investor Services
TP ICAP
ABN AMRO
Bank of America
CBOE
Citi
Goldman Sachs
DRW Holdings
HSBC
J.P Morgan
Marex
Morgan Stanley
SGX
SocGen
Susquehanna
MUFG Investor Services
TP ICAP

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