TP ICap (GB:TCAP) has released an update.
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TP ICAP Group reported a record revenue of £557 million in the third quarter, driven by strong performances in Global Broking and Liquidnet divisions. Notably, Liquidnet saw a 28% surge in revenue, benefiting from institutional block market activity, while Global Broking’s revenue increased by 9%, boosted by interest rate volatility. The group’s diversified approach continues to pay off as all divisions showed growth in the first nine months of 2024.
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