(Finance) – TP ICAPthe largest inter-dealer broker in the world, has registered revenues equal to 1.08 billion pounds in first half of 2022, compared to £ 936 million a year ago. The company has registered a adjusted profit before taxes of 116 million pounds, compared to 88 million pounds a year ago and 107 million pounds expected by analysts (according to a consensus compiled by the company). The volatility of the markets, which was affected by the outbreak of the war in Ukraine and the monetary tightening of central banks, pushed the performance.
“We have achieved high single-digit revenue growth,” he commented Nicolas Breteau, CEO of the Group – We also have increased revenues across all of our asset classes and increased our market share. A strong performance from Rates helped deliver an increase in profitability. “
“Volatility has continued in many markets – he added – Our core franchise, the depth of our liquidity pools and our continued focus on our transformation mean that we are well positioned in these market conditions“.
Excellent performance of Tp Icapwhich stands at 144.5 with an increase of 9.06%. At the operational level, the session is expected to continue under the banner of bull with resistance seen at 150.3 and later at 163.1. Support at 137.4.