ICAP plc Slide 3% After Guidance, EBS Direct Marked $20 bln in January
Posted: Mon Feb 08, 2016 2:41 pm
ICAP plc has published a trading update for the company’s activity during the fourth quarter of 2015. According to the statement the company’s revenue has declined by 5 per cent when compared to the same quarter a year ago. Considering the substantial drop in volatility when we look at the period between October and December in 2014, the drop is rather modest.
Amid benign volatility, the CEO of ICAP plc, Michael Spencer, commented, “Against the backdrop of a difficult market, our business continues to perform well, particularly the Post Trade division which goes from strength to strength.”
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