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We started the OTC revolution.
We’re leading its transformation.

We empower hedgers through collaboration, education, and shared profit of TPAC.

We have a passion for high-touch services in trading that is integral and disciplined. We had a vision to build a financial services company focused on putting the client first and sharing with them all we can.

We made this vision a reality with TPAC.

Global Partnerships

Our Services

Profit-Sharing Services

Clients immediately become members and share in net trading profit.*

*Meeting membership requirements annually.

Contemporary Structured Products

TPAC Capital doesn't just sell Accumulators - we create innovative trades for future markets while aligning with clients' goals.

Managed Programs

In addition to OTC dealing, TPAC Capital offers exchange-traded structures and managed programs through our founding firm, Pack Creek Capital.

Paradigm-Shifting Technology

TPAC Capital proudly partners with EklipX, a web-based platform enabling cooperatives to obtain the best possible prices in the OTC community.

Driving change: Empowering our community

At the heart of our mission is the Community of OTC Trading. Clients are not just participants but valued members. Members receive dividends ensuring they directly benefit from their involvement.

TPAC Capital believes that by empowering our community members, we can drive meaningful change and foster a more inclusive financial landscape.

Our commitment to inclusivity is represented by our Client Advisory Board of Directors composed of community members who play a pivotal role in guiding our strategic decisions.

Our ultimate aim: Financial Inclusion.

Testimonials

TPAC takes the time to educate us on strategies, making sure we’re actively involved in the process rather than just taking orders. We’re currently collaborating on several exciting projects and look forward to continuing this partnership well into the future. If you’re serious about learning futures and options trading, TPAC is the team to work with.

Grain company in LATAM

We’ve been working with TPAC for a year on our OTC trading, and the experience has been fantastic. They’re highly focused on our farmers’ needs and always take the time to clearly explain the risks behind each trade suggestion. While they’re eager to introduce new strategies, they only do so when it makes sense for the market. Their friendly, collaborative approach makes our team excited to work with them, and they’re always available for further education and market discussions.

Large Agricultural Company in South Dakota

TPAC es un socio clave en nuestras estrategias de cobertura. Se toman el tiempo para educarnos y nos involucran en el proceso. Estoy emocionado por seguir colaborando en el futuro.

Granera del Noroeste

Unbelievable knowledge in OTC trading, and constantly focused on innovation.

Grain cooperative in the United States

Leadership

TPAC Capital leadership comprises of seasoned professionals who are leaders in the OTC trading landscape, with extensive experience as traders, investors and marketers. Their deep knowledge of commodities and proven track record in the industry set them apart, enabling them to navigate complex markets and deliver exceptional results. With our team’s wealth of experience and strategic insights, we are dedicated to driving success and maximizing opportunities for our members.

Taylor Ortiz

Co-Founder & CEO

Michael Ortiz

Founder & Head Trader

Richard Dunlap

President

Alberto Alvarez

Managing Director, LATAM

Photo of Juan Pedro Luengas G.

Juan Pedro Luengas G.

Senior VP & Head of Business Development

Get in touch

Or email us directly:

trading@tpaccapital.com

San Francisco. Chicago. Miami. Mexico City.

Ready to level up?

We cannot wait to work with like-minded people! Email us at careers@tpaccapital.com. We will see it! 

Chicago, San Francisco, Miami, Mexico City
trading@tpaccapital.com

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Disclosures

Client is an Eligible Contract Participant. Structured products are a derivative product, which is complex and may involve substantial risks. There is always a significant risk of loss when trading futures and options. Past performance is not predictive of future results. It is not possible to accurately predict what Investor’s return on this product will be because such return depends on a number of factors. This product is only suitable for sophisticated investors who have sufficient knowledge and experience in financial and business matters to evaluate the relevant risks and meet ECP requirements.

Information and data included in this document are subject to change.

Contact

With Cyber-attacks on the rise, TPAC Capital wants you to be safe.. TPAC Capital will never contact you via a third party application. TPAC Capital employees use only firm authorized email addresses and phone numbers. If you are contacted by any person and want to confirm identity please reach out to us at info@tpaccapital.com or call us at 312-448-7716.

Privacy Policy

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© 

2025

TPAC Capital

Taylor Ortiz

Co-Founder & CEO

With over eight years of experience in commodity trading, Taylor specializes in developing custom risk management strategies for commercial grain cooperatives, with a strong focus on price improvement and client education.

Taylor began her career in institutional equity sales trading at Jones Trading and Macquarie Bank, where she covered hedge funds across global markets—including Asia, Europe, and the United States. Her early exposure to international markets laid the foundation for her strategic approach to risk and cross-asset execution.

While earning her degree at the University of St Andrews in Scotland, Taylor interned on commodity trading desks, gaining early experience in options theory and OTC structuring.

In addition to her role at TPAC, Taylor leads business development at Pack Creek Capital, supporting commercial agriculture clients and managing the firm’s Investor Series managed account program.

Michael Ortiz

Founder & Head Trader

Michael Ortiz is a pioneer in agricultural OTC trading with a career that began in the soybean pit at the Chicago Board of Trade in the 1980s. After trading interest rates and FX in the 1990s, he helped bring OTC financial strategies to agriculture—founding Refco’s commodity OTC unit, expanding Cargill’s OTC business, leading the Australian Wheat Board’s program, and launching a managed account with Kottke & Associates that returned 12.88% during the 2008 crash. He later built Hanley Group Capital’s OTC business, which was acquired by INTL FCStone, where he became President of INTL FCStone Markets. In 2014, he joined ED&F Man to build their OTC platform before founding Pack Creek Capital in 2017. From 2010 to 2017, Ortiz generated over $350 million in trading profits with no losing months. He holds a degree in economics from the University of Colorado. From 2017 to today, Michael is the head trader for Pack Creek Capital, capturing opportunities in agricultural options for commercial and investors. Michael runs the TPAC Capital trading desk, running a profitable book and advising clients on new innovative strategies. 

Richard Dunlap

President

Dick Dunlap began his career in the capital markets in 1989 as an option market maker in the corn options pit with Kottke and Associates. In the early 1990s, as the financial futures pits began to grow at the Chicago Board of Trade, Dunlap started a brokerage group in the five-year treasury note futures. He and his team of fifteen clerks executed tens of millions of futures and options contracts for the world’s largest banks and hedge funds. In the fall of 2010, Dunlap left the trading pits to work on capital introduction for an emerging manager in the CTA hedge fund space, Metolius Capital. In 2015, he partnered with a large family office in the CTA hedge fund space to launch Trowbridge Trading, an Introducing Broker. Trowbridge Trading now oversees over a billion dollars in notionally traded funds across all asset classes.

Alberto Alvarez

Managing Director, LATAM

Alberto Alvarez, fluent in English, Spanish, and French, holds a degree in Economics from Duke University and the University of Florida. With over 40 years in the commodities industry, he has deep expertise across futures, OTC hedging, origination, basis trading, and cross-border grain logistics between the U.S., Canada, and Mexico. A former Senior VP and Latin America Branch Manager for Shearson Lehman American Express, Alberto pioneered financial services for Latin clients, including the successful launch of the LAROC Gold Card program. He played a key role in Grupo Bimbo’s wheat hedging strategy post-NAFTA, overseeing procurement, futures execution, and logistics for up to 1 million MT annually. In Argentina, he introduced customized OTC products for Matba and helped merge it with Rofex into a unified exchange. Today, he is Co-Founder and Managing Director of Fintec Group and IIB, advising agricultural and natural resource clients on advanced hedge strategies.

Photo of Juan Pedro Luengas G.

Juan Pedro Luengas G.

Senior VP & Head of Business Development

Juan Pedro specializes in structuring risk management strategies for the agribusiness sector, blending strong technical expertise with a hands-on approach to market exposure. With over a decade of experience in financial markets, public policy, and education, he has led key initiatives to optimize price protection and strengthen agricultural market development in Mexico. At TPAC, he leads relationships with producers, industrial clients, and strategic corporate partners, delivering high-impact, customized solutions. He holds dual degrees in Applied Mathematics and Economics from ITAM and has taught Advanced Macroeconomics at Universidad Panamericana.

Privacy Policy

This Privacy Policy (“Policy”) applies to tpaccapital.com, and TPAC Capital (“Company”) and governs data collection and usage. For the purposes of this Privacy Policy, unless otherwise noted, all references to the Company include tpaccapital.com. The Company’s website is a financial services site. By using the Company website, you consent to the data practices described in this statement.

California Consumer Privacy Act and California Privacy Rights Act

If you are a California resident, you have the following rights under the California Consumer Privacy Act (“CCPA”) and California Privacy Rights Act (“CPRA”):

  • Right to Know. You may request details on what personal data we collect, use, and share.
  • Right to Delete. You can request deletion of personal data, subject to certain legal exceptions.
  • Right to Correct. You may request corrections to inaccurate personal information.
  • Right to Opt-Out. You can opt out of the sale or sharing of personal data for advertising.
  • Right to Restrict Sensitive Data Use. You may limit the use of sensitive personal information.
  • Right Against Retaliation. The Company will not discriminate against you for exercising your rights.

Your State Privacy Rights (U.S. Residents)

Depending on your state of residence, you may have additional rights regarding your personal data under state privacy laws, such as:

  • The right to know what personal data we collect
  • The right to access and correct your data
  • The right to delete your personal data
  • The right to opt out of targeted advertising or profiling

To exercise these rights, please contact us at info@tpaccapital.com. We will authenticate your request and respond within the timeframe required by law.

Collection of your Personal Information

We do not collect any personal information about you unless you voluntarily provide it to us. However, you may be required to provide certain personal information to us when you elect to use certain products or services. These may include: (a) registering for an account; (b) entering a sweepstakes or contest sponsored by us or one of our partners; (c) signing up for special offers from selected third parties; (d) sending us an email message; (e) submitting your credit card or other payment information when ordering and purchasing products and services. To wit, we will use your information for, but not limited to, communicating with you in relation to services and/or products you have requested from us. We also may gather additional personal or non-personal information in the future.

Sharing Information with Third Parties

The Company does not sell, rent, or lease its customer lists to third parties.

The Company may share data with trusted partners to help perform statistical analysis, send you email or postal mail, provide customer support, or arrange for deliveries. All such third parties are prohibited from using your personal information except to provide these services to the Company, and they are required to maintain the confidentiality of your information.

The Company may disclose your personal information, without notice, if required to do so by law or in the good faith belief that such action is necessary to: (a) conform to the edicts of the law or comply with legal process served on the Company or the site; (b) protect and defend the rights or property of the Company; and/or (c) act under exigent circumstances to protect the personal safety of users of the Company, or the public.

Automatically Collected Information

The Company may automatically collect information about your computer hardware and software. This information can include your IP address, browser type, domain names, access times, and referring website addresses. This information is used for the operation of the service, to maintain quality of the service, and to provide general statistics regarding the use of the Company’s website.

Links

This website contains links to other sites. Please be aware that we are not responsible for the content or privacy practices of such other sites. We encourage our users to be aware when they leave our site and to read the privacy statements of any other site that collects personally identifiable information.

Right to Deletion

Subject to certain exceptions set out below, on receipt of a verifiable request from you, we will:

  • Delete your personal information from our records; and
  • Direct any service providers to delete your personal information from their records.

Under the CCPA and CPRA, you have the right to request that the Company, and any third parties with whom your personal information is sold or shared, delete any personal information that has been collected about you. To exercise your rights, contact us at info@tpaccapital.com.

Please note that we may not be able to comply with requests to delete your personal information if it is necessary to:

  • Complete the transaction for which the personal information was collected, fulfill the terms of a written warranty or product recall conducted in accordance with federal law, and provide a good or service requested by you, or reasonably anticipated within the context of our ongoing business relationship with you, or otherwise perform a contract between you and us;
  • Detect security incidents, protect against malicious, deceptive, fraudulent, or illegal activity; or prosecute those responsible for that activity;
  • Debug to identify and repair errors that impair existing intended functionality;
  • Exercise free speech, ensure the right of another consumer to exercise his or her right of free speech, or exercise another right provided for by law;
  • Comply with the California Electronic Communications Privacy Act;
  • Engage in public or peer-reviewed scientific, historical, or statistical research in the public interest that adheres to all other applicable ethics and privacy laws, when our deletion of the information is likely to render impossible or seriously impair the achievement of such research, provided we have obtained your informed consent;
  • Enable solely internal uses that are reasonably aligned with your expectations based on your relationship with us;
  • Comply with an existing legal obligation; or
  • Otherwise use your personal information, internally, in a lawful manner that is compatible with the context in which you provided the information.

Children Under Thirteen

The Company does not knowingly collect personally identifiable information from children under the age of 13. If you are under the age of 13, you must ask your parent or guardian for permission to use this website.

Email Communications

From time to time, the Company may contact you via email for the purpose of providing announcements, promotional offers, alerts, confirmations, surveys, and/or other general communication.

If you would like to stop receiving marketing or promotional communications via email from the Company, you may opt out of such communications by clicking the unsubscribe button.

Changes to This Statement

The Company reserves the right to change this Policy from time to time. For example, when there are changes in our services, changes in our data protection practices, or changes in the law. When changes to this Policy are significant, we will inform you. You may receive a notice by sending an email to the primary email address specified in your account, by placing a prominent notice on our TPAC Capital, and/or by updating any privacy information. Your continued use of the website and/or services available after such modifications will constitute your: (a) acknowledgment of the modified Policy; and (b) agreement to abide and be bound by that Policy.

Your Privacy Rights in Mexico

If you reside in Mexico, you have the right to access, rectify, cancel, or oppose the processing of your personal data (ARCO rights) under the Federal Law on the Protection of Personal Data Held by Private Parties (LFPDPPP).

To exercise your ARCO rights or withdraw your consent, email info@tpaccapital.com. We may request verification of your identity and will respond within 20 business days.

By using our site, you consent to the transfer of your data to the United States, where protections may differ from those in Mexico.

Contact Information

The Company welcomes your questions or comments regarding this Policy. If you believe that the Company has not adhered to this Policy, please contact the Company at:

TPAC Capital LLC
1380 E. Jefferson Ave.
Detroit, Michigan 48207

Email Address: info@tpaccapital.com
Phone Number: 312-448-7716

Effective as of July 08, 2025