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AmextaFinance > Investing > TP ICAP 1Q Revenue Grew
Investing

TP ICAP 1Q Revenue Grew

News Room
Last updated: 2023/05/17 at 11:02 PM
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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 christian.moess@wsj.com


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News Room May 17, 2023 May 17, 2023
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