The company recorded £276.5 million in administrative expenses.
Pre-tax profit reached £54.8 million, supported by revenue and interest gains.
TP ICAP Broking Limited reported a rise in profit and
revenue for the year ended 31 December 2024. Profit after tax increased to £39.3 million, up from the
previous year. Revenue also grew, reaching £325.8 million. Operating profit
rose to £48.5 million. Administrative expenses stood at £276.5 million, up from
£268.1 million, while other operating expenses dropped to £787,000 from £1.8
million.
TP ICAP Sees Growth in 2024
The company recorded higher interest income and reported no
interest payable for the year. Profit before tax rose to £54.8 million. Income
tax expenses also increased.
Source: Company Information UK
In addition to its profit, the company recorded £195,000 in
other comprehensive income, mainly from foreign currency translation and asset
revaluation. Total comprehensive income for the year reached £39.5 million.
Located in Central Park Towers, the office will act as a
regional hub for the Group’s brands, including ICAP, Tullett Prebon, PVM,
Parameta Solutions, and COEX. The Dubai office, regulated by the DFSA as a
Category 3A firm, is intended to support clients across the MENA region and
serve as a link between Asian and Middle Eastern markets, offering market data
and broking services.
AWS Partners to Accelerate Digital Transformation
Meanwhile, TP
ICAP has entered a seven-year strategic partnership with Amazon Web Services
(AWS) to advance its digital transformation and enhance its electronic trading
capabilities. The collaboration will focus on developing Fusion, TP ICAP's
cloud-based platform, with 45 AWS Professional Services engineers joining TP
ICAP’s technology teams.
The goal is to reduce product development times by over 50%
and increase the company’s AWS Cloud workload to more than 80% by 2026. The
partnership will also establish an AI and Innovation Lab and co-develop
sustainability-driven trading solutions, supporting Amazon's net-zero carbon
emissions goal by 2040.
TP ICAP Broking Limited reported a rise in profit and
revenue for the year ended 31 December 2024. Profit after tax increased to £39.3 million, up from the
previous year. Revenue also grew, reaching £325.8 million. Operating profit
rose to £48.5 million. Administrative expenses stood at £276.5 million, up from
£268.1 million, while other operating expenses dropped to £787,000 from £1.8
million.
TP ICAP Sees Growth in 2024
The company recorded higher interest income and reported no
interest payable for the year. Profit before tax rose to £54.8 million. Income
tax expenses also increased.
Source: Company Information UK
In addition to its profit, the company recorded £195,000 in
other comprehensive income, mainly from foreign currency translation and asset
revaluation. Total comprehensive income for the year reached £39.5 million.
Located in Central Park Towers, the office will act as a
regional hub for the Group’s brands, including ICAP, Tullett Prebon, PVM,
Parameta Solutions, and COEX. The Dubai office, regulated by the DFSA as a
Category 3A firm, is intended to support clients across the MENA region and
serve as a link between Asian and Middle Eastern markets, offering market data
and broking services.
AWS Partners to Accelerate Digital Transformation
Meanwhile, TP
ICAP has entered a seven-year strategic partnership with Amazon Web Services
(AWS) to advance its digital transformation and enhance its electronic trading
capabilities. The collaboration will focus on developing Fusion, TP ICAP's
cloud-based platform, with 45 AWS Professional Services engineers joining TP
ICAP’s technology teams.
The goal is to reduce product development times by over 50%
and increase the company’s AWS Cloud workload to more than 80% by 2026. The
partnership will also establish an AI and Innovation Lab and co-develop
sustainability-driven trading solutions, supporting Amazon's net-zero carbon
emissions goal by 2040.
Tareq is a financial writer with 15 years of experience covering global markets. His work spans technical analysis, forex broker reviews, and market sentiment, with a focus on topics relevant to retail traders. He joined Finance Magnates in 2023.
At Finance Magnates, he serves as News Editor, covering retail forex and CFD brokers, cryptocurrency exchanges, fintech firms, and regulatory developments shaping the trading industry. He holds an Honours degree in Information Technology from Anfell College, London.
Education:
Honours degree Information Technology, Anfell College, London
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👉 Be part of FM Awards 2026: https://awards.financemagnates.com/#nominate
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Watch the full video to see if Hola Prime Markets fits your trading needs.
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We cover the broker’s overall offering, including account options, trading environment, platforms like MT4 and MT5, and additional services such as managed accounts and fast withdrawals.
Watch the full video to see if Hola Prime Markets fits your trading needs.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
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We cover how the challenge model works, including account types, profit splits (up to 95%), trading rules, and what it takes to reach a funded account. You’ll also learn about available platforms like MT4, MT5, cTrader, and more, along with insights into payouts, support, and trading conditions.
Watch the full video to see if Hola Prime fits your trading style.
📣 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:
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▶️ YouTube: /@financemagnates_official
#HolaPrime #PropFirm #Trading #FinanceMagnates #Forex #FuturesTrading #TradingReview #PropFirmReview
In this video, we review @HolaPrime_Global, a proprietary trading firm offering evaluation programs and performance-based payouts in simulated market environments.
We cover how the challenge model works, including account types, profit splits (up to 95%), trading rules, and what it takes to reach a funded account. You’ll also learn about available platforms like MT4, MT5, cTrader, and more, along with insights into payouts, support, and trading conditions.
Watch the full video to see if Hola Prime fits your trading style.
📣 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:
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Olivia Xenofontos and Ivanna Openko share how the team will feel: proud, motivated, and ready to keep delivering.
They also describe the night as well-organized, focused, and enjoyable for all.
👉 Be part of FM Awards 2026.
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Olivia Xenofontos and Ivanna Openko share how the team will feel: proud, motivated, and ready to keep delivering.
They also describe the night as well-organized, focused, and enjoyable for all.
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Recognition that matters.
Built on transparency.
Driven by the industry.
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Recognition that matters.
Built on transparency.
Driven by the industry.
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Nominations are now open.
🔗 https://awards.financemagnates.com/?utm_source=SM&utm_medium=social&utm_campaign=recognition-matters
