ICAP TP CEO John "Phiz" Phizackerley Acquires £700K Worth of Stock

ICAP TP’s CEO John "Phiz" Phizackerley acquired a total of 151,964 shares, a regulatory filing with the London Stock Exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin Read this Term (LSE) shows. The transaction was executed on the 3rd of April 2017 at a price of £4.55 per share.

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The total value of the shares as of the date of transaction amounts to £691,436 ($863,344). The news follows a purchase made by the CFO of TP ICAP and his spouse in late March. The regulatory filing related to this purchase shows the acquisition of 25,000 shares at £4.47. The total value of the transactions amounts to £111,750 ($139,535).

TP ICAP was formed after the merger of NEX Group’s hybrid and voice broking business with Tullett Prebon. The company has been one of the major inter-dealer brokers in the financial intermediaries industry in London.

The firm started as a foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term broker in the '70s by Derek Tullett. After the acquisition of Prebon Yamane in 2004, the company has been continuously expanding its business.

The CEO of the company, John "Phiz" Phizackerley has been at his position since 2014 when he succeeded Terry Smith.

In March TP ICAP reported its full year revenues for 2016, which amounted to £891.5 million, with operating profits of £131.5 million. The company's acquisition of ICAP's hybrid and voice broking business has materially expanded the company's operations. The firm is running its Tullett Prebon and ICAP brands separately.