TP Icap, the world's largest interdealer broker, has made its second acquisition in as many months as it continues with the ambitious growth plans outlined by chief executive John Phizackerley a year ago.

TP Icap said in a statement that it has acquired SCS Commodities Corp, an independent energy and commodities broker founded in 1991. Financial terms of the deal were not disclosed. However, the initial payment will be made in cash and more could follow over the next five years depending on SCS's performance.