TP ICAP in record first quarter amid "volatile market conditions"

(Alliance News) - TP ICAP Group PLC on Wednesday hailed a strong first quarter of 2026, boosted by "elevated trading volumes".

The interdealer broker said first quarter revenue surged 13% on-year at constant currency to a record GBP689 million.

"This excellent result was led by Global Broking and Energy & Commodities, with revenues [up] 15% and 13% respectively. During the quarter we demonstrated strong execution across all asset classes and regions, set against volatile market conditions and elevated trading volumes," TP ICAP said.

"The record Q1 result represents a very strong start to the year, reflecting the disciplined execution of our strategy to grow our business while maintaining strict cost discipline, and supported by favourable market conditions. As market leaders we are well-positioned to continue to support our clients with highly trusted, reliable execution, and insight as they manage their risk during the continuing macroeconomic and geopolitical uncertainty."

The London-based firm said it is "comfortable with the outlook" for the rest of 2026..

It reports half-year results on August 6.

Shares in the company rose 0.7% to 316.60 pence each in London on Wednesday morning.

By Eric Cunha, Alliance News news editor

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