REG - TP ICAP PLC - Trading Statement

TP IcapAnnouncement

07/01/2021 07:01

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RNS Number : 8949K  TP ICAP PLC  07 January 2021

TP ICAP PLC

 

7 January 2021

 

TP ICAP plc ("TP ICAP")

 

Trading update for TP ICAP and Liquidnet for the financial year end 31
December 2020

 

TP ICAP Trading update

TP ICAP provided a Q3 2020 trading update on 9 November 2020. As stated,
revenue for the first nine months of 2020 was 1% lower on a constant currency
basis and 2% lower on a reported basis, compared with the first nine months of
2019. While trading volumes continued to be subdued during much of Q4 2020, we
expect revenue for the full year 2020 to be 1% lower than the prior year. This
demonstrates the resilience of the TP ICAP franchise and the benefit of our
diversification strategy, as revenue growth achieved in our Data &
Analytics, Institutional Services and Energy & Commodities divisions
offset much of the decline in revenue in our Global Broking division in 2020
after a strong first quarter.

 

Liquidnet Trading update

For the financial year ending 31 December 2020, Liquidnet has proved resilient
in the midst of the COVID-19 pandemic and is expected to produce strong
revenue performance compared with the twelve month period ending 31 December
2019.

 

For further information:

 

Analysts and investors:

 

·      Al Alevizakos, Head of Investor Relations

Mobile: +44 (0) 79 9991 2672

E-mail: Alevizos.Alevizakos@tpicap.com (mailto:Alevizos.Alevizakos@tpicap.com)

 

Media:

 

·      William Baldwin-Charles, Media Relations Director

Mobile: +44 (0) 78 3452 4833

E-mail: William.Baldwin-Charles@tpicap.com
(mailto:William.Baldwin-Charles@tpicap.com)

 

·      Neil Bennett, Maitland

Direct: +44 (0) 20 7379 5151

E-mail: tpicap-maitland@maitland.co.uk (mailto:tpicap-maitland@maitland.co.uk)

 

 

About TP ICAP:

·    TP ICAP brings together buyers and sellers in global financial,
energy and commodities markets.

·   It is the world's largest wholesale market intermediary, with a
portfolio of businesses that provide broking services, data & analytics
and market intelligence, trusted by clients around the world.

·    We operate from offices in 26 countries, supporting award-winning
brokers with market-leading technology.

 

Further information on TP ICAP and its activities is available on the
Company's website: www.tpicap.com/investors (http://www.tpicap.com/investors)

 

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