Inter-dealer broker TP ICAP’s profit jumps 3.6% on boost from market volatility

Source: Reuters (via feed)




TP ICAP reported a 3.6% increase in its annual pre-tax profit on Thursday. The jump was supported by volatile markets over the past year. Strong performance in its global broking division also contributed. The Liquidnet electronic trading division showed robust results. These factors combined to enhance the company’s profit.

BizTrendWire Insight:

TP ICAP’s annual pre-tax profit increased due to performance in its broking and electronic trading divisions amid volatile markets.


Read full story on Reuters

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