TP ICAP Reports Revenue Growth Across All Divisions for Q3 2021

​

TP ICAP GROUP PLC (TP ICAP), the world's largest wholesale market intermediary, with a portfolio of businesses that provide broking services, trade execution, data & analytics and market intelligence, reported its robust financial results for the third quarter of 2021, ended September 30, 2021.

Following are the financial highlights by division for the period (on a constant currency basis):

• Global Broking revenue reached £252 million, up YoY 2%, driven by a good performance in Equities.

• ​Energy & Commodities revenue increased from £79 million of the same period last year to £92 million, up 16%, with growth across all asset classes, as energy market price volatility provided client trading opportunities.

• Agency Execution boomed by 353% on a year basis to £68 million, largely driven by the inclusion of Liquidnet.

• ​In Parameta Solutions, TP ICAP’s data and analytics division, Data & Analytics revenue grew by 9% as it continued to benefit from new products launched. Post-trade Solutions revenue declined by £1m.

Regarding the revenue for the first nine months, the company’s revenue was £1,383 million, 5% higher that of the same period of prior year at £1,320 million.

In September, Fazzaco reported that TP ICAP’s financials for the first six months​ ended 30 June 2021, showing a decline in its revenue and profits.