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By Noor Zainab Hussain and Tanishaa Nadkar (Reuters) - TP ICAP is putting extra broking staff into its European offices outside London to help clients deal with any disruptions if Britain exits the trading ...
For those out of the loop, TP Icap was formed from the merger of Tullett Prebon and Icap — the latter being the broker that made Spencer one of the richest tycoons in the Square Mile. Spencer handed over his telephone broking operation while retaining the trading platform he’d built called Nex. Cost savings which looked fairly pedestrian at the time of the deal proved illusory.
(Reuters) - Interdealer broker TP ICAP (TCAPI.L) said on Friday former JPMorgan Chase (JPM.N) executive Richard Berliand would join as chairman-designate early next year, taking over from Rupert Robson, ...
The firm, the product of a merger two years ago between London's two big financial market brokers Tullett Prebon and ICAP, reiterated its guidance from July that earnings per share would be slightly below the bottom end of a range of 34.9 pence to 39.0 pence per share. Separately, TP ICAP confirmed earlier reports it was buying Houston, Texas-based energy and commodities brokerage firm Axiom for $15.1 million in cash as it looks to expand its footprint as an energy broker. TP ICAP has been hit by higher costs stemming from Brexit, the European Union’s MiFID II regulatory reform, and IT security, leading it to fire its top boss John Phizackerley earlier this year and caution on annual profit.