The company achieves record Q3 income, up 10% year-over-year, driven by strong performance across all divisions.
It explores strategic options for Parameta Solutions, including a potential U.S. listing while maintaining majority ownership.
Global
markets infrastructure provider TP ICAP Group posted
record third-quarter revenue of £557 million, marking a 10% increase in
constant currency terms, driven by strong performance across all business
segments.
TP ICAP Reports Record Q3
Revenue
The
company's Global Broking division, its largest business unit, saw
a 9% revenue increase, with particularly strong growth in Rates trading, which
surged 14% amid continued interest rate volatility. The Energy & Commodities division also maintained
steady growth with a 3% increase, while Parameta Solutions, the group's OTC
data business, achieved 9% revenue growth.
Nicolas Breteau, CEO of TP ICAP
“The Group
is focused on delivering its three strategic priorities - Transformation,
Diversification and Dynamic Capital Management,” the company commented in today’s
(Tuesday’s) statement. “The Board is comfortable with FY 2024 market
expectations for adjusted EBIT.”
Liquidnet,
the group's electronic trading platform, delivered robust results with a 28%
revenue increase, including a 24% rise in equities trading. The company added that
“multi-asset agency brokerage revenue was up 33%, driven by strong growth in
Relative Value strategies,”
The company
is exploring strategic options for its Parameta Solutions unit, including a
potential U.S. listing while retaining majority ownership. Management expects
to meet market expectations for full-year 2024 adjusted EBIT, though noting
potential impact from USD/GBP exchange rate movements.
For the
first nine months of 2024, TP ICAP reported total revenue of £1,701 million,
representing a 5% increase in constant currency. The company maintains a strong
position in global markets, with approximately 60% of group revenues and 40% of
costs denominated in US dollars.
TP ICAP Flexes Financial Muscle
The company's latest full report covers the first half of 2024, showing a 3%
increase in revenue and a 9% rise in EBIT, with profits reaching a record £170
million. In a separate initiative to enhance shareholder value, TP ICAP
announced the launch of its third £30 million share buyback program, following
the completion of a second buyback of the same amount. The company also
declared an interim dividend of 4.8 pence per share, aligning with its dividend
policy.
Meanwhile,
the agency execution specialist announced a new partnership with Boltzbit, an
artificial intelligence firm, to improve its fixed-income primary market
operations and optimize new bond transactions.
In
mid-March, TP ICAP expanded its presence in the Asia-Pacific region by
acquiring New Zealand-based Aotearoa Energy, a brokerage focused on gas, power,
and carbon markets. This acquisition supports TP ICAP's goals to grow in both
the regional market and the energy and commodities sectors.
Global
markets infrastructure provider TP ICAP Group posted
record third-quarter revenue of £557 million, marking a 10% increase in
constant currency terms, driven by strong performance across all business
segments.
TP ICAP Reports Record Q3
Revenue
The
company's Global Broking division, its largest business unit, saw
a 9% revenue increase, with particularly strong growth in Rates trading, which
surged 14% amid continued interest rate volatility. The Energy & Commodities division also maintained
steady growth with a 3% increase, while Parameta Solutions, the group's OTC
data business, achieved 9% revenue growth.
Nicolas Breteau, CEO of TP ICAP
“The Group
is focused on delivering its three strategic priorities - Transformation,
Diversification and Dynamic Capital Management,” the company commented in today’s
(Tuesday’s) statement. “The Board is comfortable with FY 2024 market
expectations for adjusted EBIT.”
Liquidnet,
the group's electronic trading platform, delivered robust results with a 28%
revenue increase, including a 24% rise in equities trading. The company added that
“multi-asset agency brokerage revenue was up 33%, driven by strong growth in
Relative Value strategies,”
The company
is exploring strategic options for its Parameta Solutions unit, including a
potential U.S. listing while retaining majority ownership. Management expects
to meet market expectations for full-year 2024 adjusted EBIT, though noting
potential impact from USD/GBP exchange rate movements.
For the
first nine months of 2024, TP ICAP reported total revenue of £1,701 million,
representing a 5% increase in constant currency. The company maintains a strong
position in global markets, with approximately 60% of group revenues and 40% of
costs denominated in US dollars.
TP ICAP Flexes Financial Muscle
The company's latest full report covers the first half of 2024, showing a 3%
increase in revenue and a 9% rise in EBIT, with profits reaching a record £170
million. In a separate initiative to enhance shareholder value, TP ICAP
announced the launch of its third £30 million share buyback program, following
the completion of a second buyback of the same amount. The company also
declared an interim dividend of 4.8 pence per share, aligning with its dividend
policy.
Meanwhile,
the agency execution specialist announced a new partnership with Boltzbit, an
artificial intelligence firm, to improve its fixed-income primary market
operations and optimize new bond transactions.
In
mid-March, TP ICAP expanded its presence in the Asia-Pacific region by
acquiring New Zealand-based Aotearoa Energy, a brokerage focused on gas, power,
and carbon markets. This acquisition supports TP ICAP's goals to grow 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.
ASX Faces $150M Capital Charge After Scathing Inquiry Finds Years of Neglect
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
