TP ICAP PLC Trading Statement (8949K)
07 Gennaio 2021 - 8:00AM
UK Regulatory
TIDMTCAP
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
Media:
-- William Baldwin-Charles, Media Relations Director
Mobile: +44 (0) 78 3452 4833
E-mail: William.Baldwin-Charles@tpicap.com
-- Neil Bennett, Maitland
Direct: +44 (0) 20 7379 5151
E-mail: 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
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END
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