The company’s revenue for the six months hit £1.22 billion, while net adjusted earnings came in at £130 million.
The latest £30 million buyback programme is its fifth.
TP ICAP (LON: TCAP), the largest interdealer broker, ended the first six months of 2025 with net earnings of £130 million on revenue of £1.22 billion and has launched another £30 million buyback programme.
Although half-year revenue jumped by 7 per cent, the £595 million figure for the second quarter of the year only rose by 4 per cent. The company's growth was mostly driven by the £629 million revenue between January and March.
The company ended the six months with £167 million in adjusted pre-tax profits, a 4 per cent year-on-year increase. Meanwhile, net attributable earnings rose by 6 per cent.
Revenue from Global Broking, the group's largest division, grew 12 per cent, while broker productivity increased by 11 per cent. However, energy and commodities revenue fell by 2 per cent.
Liquidnet, the dark pool operator acquired by TP ICAP in 2021, brought in 15 per cent higher revenue, driven by strong equities platform performance along with a “very strong” multi-asset agency brokerage.
Nicolas Breteau, CEO of TP ICAP
Its data and analytics division, Parameta Solutions, added 5 per cent to revenue even after moderating this year’s price hikes. Its subscription-based revenue almost doubled, while recurring revenue rose by 5 per cent. Liquidnet and Parameta Solutions together contributed 38 per cent of adjusted EBIT, up from 37 per cent in H1 2024.
“We continue to look to the future with confidence,” said Nicolas Breteau, Group CEO at TP ICAP. “Our strategy — centred on transformation, diversification, and dynamic capital management — is delivering results.”
Meanwhile, the management remains “comfortable” with 2025 earnings expectations despite sterling strength and a less frenetic trading backdrop. With 60 per cent of revenue in dollars and continued geopolitical tension, TP ICAP says volatility should remain supportive into H2.
The company also commenced its fifth buyback programme, allocating a maximum of £30 million to “reduce the capital… and/or meet obligations under employee share scheme.”
TP ICAP recently completed four consecutive share buyback programmes, each valued at £30 million, collectively returning £120 million to shareholders. These schemes cumulatively reduced the group's share count by over 57 million shares.
TP ICAP (LON: TCAP), the largest interdealer broker, ended the first six months of 2025 with net earnings of £130 million on revenue of £1.22 billion and has launched another £30 million buyback programme.
Although half-year revenue jumped by 7 per cent, the £595 million figure for the second quarter of the year only rose by 4 per cent. The company's growth was mostly driven by the £629 million revenue between January and March.
The company ended the six months with £167 million in adjusted pre-tax profits, a 4 per cent year-on-year increase. Meanwhile, net attributable earnings rose by 6 per cent.
Revenue from Global Broking, the group's largest division, grew 12 per cent, while broker productivity increased by 11 per cent. However, energy and commodities revenue fell by 2 per cent.
Liquidnet, the dark pool operator acquired by TP ICAP in 2021, brought in 15 per cent higher revenue, driven by strong equities platform performance along with a “very strong” multi-asset agency brokerage.
Nicolas Breteau, CEO of TP ICAP
Its data and analytics division, Parameta Solutions, added 5 per cent to revenue even after moderating this year’s price hikes. Its subscription-based revenue almost doubled, while recurring revenue rose by 5 per cent. Liquidnet and Parameta Solutions together contributed 38 per cent of adjusted EBIT, up from 37 per cent in H1 2024.
“We continue to look to the future with confidence,” said Nicolas Breteau, Group CEO at TP ICAP. “Our strategy — centred on transformation, diversification, and dynamic capital management — is delivering results.”
Meanwhile, the management remains “comfortable” with 2025 earnings expectations despite sterling strength and a less frenetic trading backdrop. With 60 per cent of revenue in dollars and continued geopolitical tension, TP ICAP says volatility should remain supportive into H2.
The company also commenced its fifth buyback programme, allocating a maximum of £30 million to “reduce the capital… and/or meet obligations under employee share scheme.”
TP ICAP recently completed four consecutive share buyback programmes, each valued at £30 million, collectively returning £120 million to shareholders. These schemes cumulatively reduced the group's share count by over 57 million shares.
Arnab is an electronics engineer-turned-financial editor. He entered the industry covering the cryptocurrency market for Finance Magnates and later expanded his reach to forex as well. He is passionate about the changing regulatory landscape on financial markets and keenly follows the disruptions in the industry with new-age technologies.
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
