TP ICAP Posts Solid Q3 Figures, Revenue Jumps 15%

TP ICAP plc (LON: TCAP), which is the world’s largest inter-dealer broker, disclosed its financials for the third quarter of 2021, reporting an overall revenue jump of 15 percent.

The company generated GBP 447 million (around $610.20 million) in the three months, ending on September 30, 2021. In the same period of the previous year, it brought in GBP 388 million.

TP ICAP's entire business activities can be classified into four segments: global broking, energy and commodities, agency execution and parameta solutions. All of the four divisions saw a year-over-year jump in their activities.

The revenue from the global broking business came in at GBP 252 million, which was a marginal yearly gain of 2 percent. Additionally, activities in the energy and commodities segment jumped by 16 percent.

Liquidnet Added

However, the biggest upward drag was by agency execution with a 353 percent surge in revenue, mostly due to the inclusion of business from subsidiary Liquidnet that generated GBP 51 million in the quarter. Even without Liquidnet, the division’s revenue increased by 13 percent to GBP 17 million.

The company acquired Liquidnet earlier this year. The new parent started adding accounts from the dark pool operator at the end of Q1. Over the previous six months, between January and June, Liquidnet brought in GBP 55 million for TP ICAP.

Within parameta solutions, data and Analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision-making. In the trading space, analytics are applied in a predictive manner in an attempt to forecast the price more accurately. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analy Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision-making. In the trading space, analytics are applied in a predictive manner in an attempt to forecast the price more accurately. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analy Read this Term jumped by 9 percent to GBP 37 million, whereas activities from post-trade solutions declined by 20 percent.

”TP ICAP capitalised on improved operating conditions during the third quarter compared with the same period last year, due to increased Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad Read this Term and higher secondary trading volumes. This resulted in revenue growth across all our divisions, with particular strength in Energy & Commodities,” said TP ICAP CEO, Nicolas Breteau.

“These favourable trends continued through October 2021, and we continue to anticipate full-year revenue for the Group, excluding Liquidnet, to be broadly in line with 2020 on a constant currency basis.”