Inter-dealer broker TP ICAP's profit jumps 3.6% on boost from market volatility (updated)
12/03/2026 08:06
Adds details and background throughout; share move in paragraph 4 March 12 (Reuters) - TP ICAP TCAP.L reported a 3.6% jump in annual pre-tax profit on Thursday, driven by volatile markets last year and strong performance in its global broking and Liquidnet electronic trading divisions. Firms such as TP ICAP, which typically facilitate financial trading, have benefited from erratic global markets and volatility, further exacerbated by the ongoing Middle East conflict, which has driven sharp swings in equities, oil, and currency markets. In response to the Middle East conflict, the firm said it aimed to deliver uninterrupted services to its clients amid heightened volatility and elevated market volumes. Shares of the world's largest inter-dealer broker were up 3.5% in early trade. TP ICAP reported adjusted pretax profit for the year ended December 31, 2025, of 314 million pounds ($420.26 million), up from 303 million pounds in 2024. It expects adjusted operating profit for fiscal 2026 to be in line with current market expectations of 361 million pounds. ($1 = 0.7473 pounds) (Reporting by Rishab Shaju in Bengaluru; Editing by Rashmi Aich) ((Rishab.shaju@thomsonreuters.com ; +91 9048142177))