ICAP, a global markets intermediary and part of TP ICAP Group, announced the launch of a global Nuclear Fuels brokerage desk, expanding its energy and commodities offering in response to accelerating demand for reliable, low‑carbon power and renewed global investment in nuclear energy.
The new desk will facilitate transactions across the entire nuclear fuel cycle, including physical uranium, swaps, location swaps and options, providing market participants with access to liquidity, price discovery and execution across a historically opaque and relationship‑driven market.
The desk will be led by Emily Fink Russo and John Perdew, who brings deep domain expertise and long‑standing Energy and Fuels industry relationships to the role. Emily Fink Russo previously brokered uranium markets earlier in her career, giving her a unique perspective on both legacy market structures and today’s evolving demand landscape. John brings over 25 years of experience building and scaling commodity desks across the energy markets, including natural gas, power, ethanol, NGL’s, RINs, and related compliance credits. His experience in developing brokerage execution platforms positions the team to accelerate growth and expand its market presence.
Emily Fink Russo, Managing Director and Co-Head of Nuclear Fuels at ICAP, said: “Nuclear energy is moving back to the centre of the global energy conversation. As utilities, producers and financial participants respond to rising demand and tighter supply chains, the need for transparent, well‑functioning markets across the nuclear fuel cycle has never been greater. ICAP is uniquely positioned to support this evolution by bringing credibility, connectivity and proven brokerage expertise to a market that has historically lacked scale and visibility.”
The launch comes amid structural shifts in global energy demand, including the need to compensate for intermittency in renewable generation, rising electricity consumption driven by data‑intensive technologies such as AI, and renewed policy focus on energy security and decarbonisation. Against this backdrop, nuclear power is re‑emerging as a critical component of the global energy mix across the US, Europe and Asia.
Source: TP ICAP Group
