Home News TP ICAP reports solid growth in 2022 profits

TP ICAP reports solid growth in 2022 profits


TP ICAP’s board has recommended to distribute 12.4 pence per share as a dividend to its shareholders at a 31% YoY increase.

The global broking revenue increased by 13% on a reported basis and 7% on a constant currency basis, with a total of £1.25 billion. £302 million of this total was generated from FX and money market products.

The energies and commodities units brought in revenue of £387 million, which increased by 5% on a reported basis but decreased by 2% on a constant currency basis. Parameta Solutions generated £177 million in revenue, an increase of 19% on a reported basis.

Liquidnet, which was acquired by TP ICAP in 2021, saw an increase in revenue of 25% and 18% on a reported and constant currency basis, respectively, generating a total revenue of £325 million last year.

Breteau added:

We have a clear and solid strategic plan. We are well-positioned in the face of central banks continuing to withdraw liquidity and high interest rates. Our market-leading position in broking and deep liquidity pools mean that we are well-positioned.

TP ICAP recently registered its wholesale exchange for crypto assets, Fusion Digital Assets, with UK’s Financial Conduct Authority (FCA).

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