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ICAP Will Rebrand to NEX, EBS and BrokerTec Revenues up 2%

Posted: Sun May 15, 2016 6:52 am

ICAP plc (LOB:IAP) has published the latest figures related to the company’s operations throughout the year that ended on March 31st 2016. The company registered a decline of 6 per cent in revenues to £1.2 billion ($1.72 billion).

Despite the overall decline, ICAP plc’s electronic trading business remained in expansionary territory with the results from FX trading and bond trading platforms EBS and BrokerTec both increasing by 2 per cent year-on-year.

Looking at the bottom line the operating profits declined by 12 percent to £221, with the operating profit from electronic trading declining by 16 per cent to £78 million ($112 ... (read more)