By Christian Moess Laursen
TP ICAP Group said Wednesday that revenue grew in the first quarter of the year, boosted by low-to-mid single-digit growth in all asset classes.
The London-listed interdealer brokerage said group revenue rose to 606 million pounds ($756.7 million), including a 9% increase in reported currency, while global broking revenue was up 3%.
“We remain well positioned and expect interest rates to remain at elevated levels throughout the year; at the same time, the benefit of the recent strong U.S. dollar is now moderating,” the company said.
On Aug. 9, TP ICAP plans to report its half-year results ending June 30.
Write to Christian Moess Laursen at [email protected]
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