TP ICAP reports 3% revenue growth and 9% EBIT increase in H1 2024, announces third share buyback.
The company sees strong performance in E&C, Parameta Solutions and Liquidnet divisions.
TP ICAP
Group (LSE: TCAP), the world's largest interdealer broker, reported robust
financial results for the first half of 2024 and announced plans for a third
£30 million share buyback program.
TP ICAP Reports Strong H1
2024 Results
The
London-based firm saw its revenue increase by 3% in constant currency to £1.14
billion, driven by strong performances in its Energy & Commodities
(E&C) and Parameta Solutions divisions. Adjusted earnings before interest
and taxes (EBIT) rose 9% to £170 million, marking a record first-half profit
for the company.
Nicolas Breteau, CEO of TP ICAP
“Our
focus on diversification is paying off,” Nicolas Breteau, CEO of TP ICAP,
commented on the results. “Group revenue increased by 3% in constant currency,
building on last year's strong performance. We delivered record H1 profits with
adjusted EBIT up 9%.”
The
company's E&C division reported an 8% revenue increase, while Parameta
Solutions, TP ICAP's market-leading OTC data business, saw a 10% growth in
constant currency. The Global Broking segment maintained its market-leading
position despite flat revenues compared to the previous year.
TP ICAP's operations also
include Liquidnet, a private trading operator that became part of the Group
following an acquisition over three years ago. For Liquidnet, revenues grew by
8%, thanks to an increasing market share in the US and EMEA.
“Liquidnet's
enhanced operational gearing, coupled with market share gains, enabled the
division to generate £24 million of EBIT or 14% of Group EBIT,” said the CEO.
Last month, the agency execution specialist revealed a new alliance with Boltzbit, an artificial intelligence company, to enhance its operations in the fixed-income primary markets and optimize the handling of new bond transactions.
In a separate
move to further enhance shareholder value, TP ICAP announced it would commence
its third £30 million share buyback program following the completion of its
second buyback of the same amount. The company also declared an interim
dividend of 4.8 pence per share, consistent with its dividend policy.
“The Third
Buyback highlights the Board's continued confidence in the future prospects of
TP ICAP, reflects its strong financial position, and is consistent with its
dynamic capital management strategy, which is a key priority,” the company
commented.
As of
August 6, 2024, TP ICAP had repurchased 13,320,585 ordinary shares for a gross
consideration of £28.9 million under its second buyback program. The third
buyback will be conducted in compliance with relevant financial regulations and
within pre-set parameters.
In mid-March, TP ICAP strengthened its footprint in the Asia-Pacific area by acquiring Aotearoa Energy, a brokerage firm from New Zealand that focuses on gas, power, and carbon markets. This acquisition is in line with TP ICAP's ambitions to expand in both the regional market and the energy and commodities sectors.
TP ICAP
Group (LSE: TCAP), the world's largest interdealer broker, reported robust
financial results for the first half of 2024 and announced plans for a third
£30 million share buyback program.
TP ICAP Reports Strong H1
2024 Results
The
London-based firm saw its revenue increase by 3% in constant currency to £1.14
billion, driven by strong performances in its Energy & Commodities
(E&C) and Parameta Solutions divisions. Adjusted earnings before interest
and taxes (EBIT) rose 9% to £170 million, marking a record first-half profit
for the company.
Nicolas Breteau, CEO of TP ICAP
“Our
focus on diversification is paying off,” Nicolas Breteau, CEO of TP ICAP,
commented on the results. “Group revenue increased by 3% in constant currency,
building on last year's strong performance. We delivered record H1 profits with
adjusted EBIT up 9%.”
The
company's E&C division reported an 8% revenue increase, while Parameta
Solutions, TP ICAP's market-leading OTC data business, saw a 10% growth in
constant currency. The Global Broking segment maintained its market-leading
position despite flat revenues compared to the previous year.
TP ICAP's operations also
include Liquidnet, a private trading operator that became part of the Group
following an acquisition over three years ago. For Liquidnet, revenues grew by
8%, thanks to an increasing market share in the US and EMEA.
“Liquidnet's
enhanced operational gearing, coupled with market share gains, enabled the
division to generate £24 million of EBIT or 14% of Group EBIT,” said the CEO.
Last month, the agency execution specialist revealed a new alliance with Boltzbit, an artificial intelligence company, to enhance its operations in the fixed-income primary markets and optimize the handling of new bond transactions.
In a separate
move to further enhance shareholder value, TP ICAP announced it would commence
its third £30 million share buyback program following the completion of its
second buyback of the same amount. The company also declared an interim
dividend of 4.8 pence per share, consistent with its dividend policy.
“The Third
Buyback highlights the Board's continued confidence in the future prospects of
TP ICAP, reflects its strong financial position, and is consistent with its
dynamic capital management strategy, which is a key priority,” the company
commented.
As of
August 6, 2024, TP ICAP had repurchased 13,320,585 ordinary shares for a gross
consideration of £28.9 million under its second buyback program. The third
buyback will be conducted in compliance with relevant financial regulations and
within pre-set parameters.
In mid-March, TP ICAP strengthened its footprint in the Asia-Pacific area by acquiring Aotearoa Energy, a brokerage firm from New Zealand that focuses on gas, power, and carbon markets. This acquisition is in line with TP ICAP's ambitions to expand in both the regional market and the energy and commodities sectors.
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
TNS Buyout of BT Radianz Creates One of the Largest Trading Networks Globally
Hannah Hill on Innovation, Branding & Award-Winning Technology | Executive Interview | AXI
Hannah Hill on Innovation, Branding & Award-Winning Technology | Executive Interview | AXI
Recorded live at FMLS:25, this executive interview features Hannah Hill, Head of Brand and Sponsorship at AXI, in conversation with Finance Magnates, following AXI’s win for Most Innovative Broker of the Year 2025.
In this wide-ranging discussion, Hannah shares insights on:
🔹What winning the Finance Magnates award means for AXI’s credibility and innovation
🔹How the launch of AXI Select, the capital allocation program, is redefining industry standards
🔹The development and rollout of the AXI trading app across multiple markets
🔹Driving brand evolution alongside technological advancements
🔹Encouraging and recognizing teams behind the scenes
🔹The role of marketing, content, and social media in building product awareness
Hannah explains why standout products, strategic branding, and a focus on innovation are key to growing visibility and staying ahead in a competitive brokerage landscape.
🏆 Award Highlight: Most Innovative Broker of the Year 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #MostInnovativeBroker #TradingTechnology #FinTech #Brokerage #ExecutiveInterview #AXI
Recorded live at FMLS:25, this executive interview features Hannah Hill, Head of Brand and Sponsorship at AXI, in conversation with Finance Magnates, following AXI’s win for Most Innovative Broker of the Year 2025.
In this wide-ranging discussion, Hannah shares insights on:
🔹What winning the Finance Magnates award means for AXI’s credibility and innovation
🔹How the launch of AXI Select, the capital allocation program, is redefining industry standards
🔹The development and rollout of the AXI trading app across multiple markets
🔹Driving brand evolution alongside technological advancements
🔹Encouraging and recognizing teams behind the scenes
🔹The role of marketing, content, and social media in building product awareness
Hannah explains why standout products, strategic branding, and a focus on innovation are key to growing visibility and staying ahead in a competitive brokerage landscape.
🏆 Award Highlight: Most Innovative Broker of the Year 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #MostInnovativeBroker #TradingTechnology #FinTech #Brokerage #ExecutiveInterview #AXI
Executive Interview | Dor Eligula | Co-Founder & Chief Business Officer, BridgeWise | FMLS:25
Executive Interview | Dor Eligula | Co-Founder & Chief Business Officer, BridgeWise | FMLS:25
In this session, Jonathan Fine form Ultimate Group speaks with Dor Eligula from Bridgewise, a fast-growing AI-powered research and analytics firm supporting brokers and exchanges worldwide.
We start with Dor’s reaction to the Summit and then move to broker growth and the quick wins brokers often overlook. Dor shares where he sees “blue ocean” growth across Asian markets and how local client behaviour shapes demand.
We also discuss the rollout of AI across investment research. Dor gives real examples of how automation and human judgment meet at Bridgewise — including moments when analysts corrected AI output, and times when AI prevented an error.
We close with a practical question: how retail investors can actually use AI without falling into common traps.
In this session, Jonathan Fine form Ultimate Group speaks with Dor Eligula from Bridgewise, a fast-growing AI-powered research and analytics firm supporting brokers and exchanges worldwide.
We start with Dor’s reaction to the Summit and then move to broker growth and the quick wins brokers often overlook. Dor shares where he sees “blue ocean” growth across Asian markets and how local client behaviour shapes demand.
We also discuss the rollout of AI across investment research. Dor gives real examples of how automation and human judgment meet at Bridgewise — including moments when analysts corrected AI output, and times when AI prevented an error.
We close with a practical question: how retail investors can actually use AI without falling into common traps.
Brendan Callan joined us fresh off the Summit’s most anticipated debate: “Is Prop Trading Good for the Industry?” Brendan argued against the motion — and the audience voted him the winner.
In this interview, Brendan explains the reasoning behind his position. He walks through the message he believes many firms avoid: that the current prop trading model is too dependent on fees, too loose on risk, and too confusing for retail audiences.
We discuss why he thinks the model grew fast, why it may run into walls, and what he believes is needed for a cleaner, more responsible version of prop trading.
This is Brendan at his frankest — sharp, grounded, and very clear about what changes are overdue.
Brendan Callan joined us fresh off the Summit’s most anticipated debate: “Is Prop Trading Good for the Industry?” Brendan argued against the motion — and the audience voted him the winner.
In this interview, Brendan explains the reasoning behind his position. He walks through the message he believes many firms avoid: that the current prop trading model is too dependent on fees, too loose on risk, and too confusing for retail audiences.
We discuss why he thinks the model grew fast, why it may run into walls, and what he believes is needed for a cleaner, more responsible version of prop trading.
This is Brendan at his frankest — sharp, grounded, and very clear about what changes are overdue.
Elina Pedersen on Growth, Stability & Ultra-Low Latency | Executive Interview | Your Bourse
Elina Pedersen on Growth, Stability & Ultra-Low Latency | Executive Interview | Your Bourse
Recorded live at FMLS:25 London, this executive interview features Elina Pedersen, in conversation with Finance Magnates, following her company’s win for Best Connectivity 2025.
🔹In this wide-ranging discussion, Elina shares insights on:
🔹What winning a Finance Magnates award means for credibility and reputation
🔹How broker demand for stability and reliability is driving rapid growth
🔹The launch of a new trade server enabling flexible front-end integrations
🔹Why ultra-low latency must be proven with data, not buzzwords
🔹Common mistakes brokers make when scaling globally
🔹Educating the industry through a newly launched Dealers Academy
🔹Where AI fits into trading infrastructure and where it doesn’t
Elina explains why resilient back-end infrastructure, deep client partnerships, and disciplined focus are critical for brokers looking to scale sustainably in today’s competitive market.
🏆 Award Highlight: Best Connectivity 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #BestConnectivity #TradingTechnology #UltraLowLatency #FinTech #Brokerage #ExecutiveInterview
Recorded live at FMLS:25 London, this executive interview features Elina Pedersen, in conversation with Finance Magnates, following her company’s win for Best Connectivity 2025.
🔹In this wide-ranging discussion, Elina shares insights on:
🔹What winning a Finance Magnates award means for credibility and reputation
🔹How broker demand for stability and reliability is driving rapid growth
🔹The launch of a new trade server enabling flexible front-end integrations
🔹Why ultra-low latency must be proven with data, not buzzwords
🔹Common mistakes brokers make when scaling globally
🔹Educating the industry through a newly launched Dealers Academy
🔹Where AI fits into trading infrastructure and where it doesn’t
Elina explains why resilient back-end infrastructure, deep client partnerships, and disciplined focus are critical for brokers looking to scale sustainably in today’s competitive market.
🏆 Award Highlight: Best Connectivity 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #BestConnectivity #TradingTechnology #UltraLowLatency #FinTech #Brokerage #ExecutiveInterview
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
