|Day's range||5.50 - 5.50|
|52-week range||5.50 - 5.50|
|PE ratio (TTM)||N/A|
|Dividend & yield||N/A (N/A)|
|1y target est||N/A|
Financial broker TP ICAP Plc said on Friday Donald Trump's victory in the U.S. presidential election and speculation over higher interest rates led to a surge in trading volumes in the final months of last year. Shares (Berlin: DI6.BE - news) in the company, formed after Tullett Prebon (Frankfurt: N5C.F - news) bought ICAP (Frankfurt: A0BKYB - news) 's hybrid voice broking unit late last year, leapt more than 10 percent in early trading. TP ICAP said its 2016 revenue was likely to be around 12 percent higher than the 796 million pounds ($986 million) reported in 2015, helped also by the sharp fall in sterling.
Interdealer broking revenues have been battered by regulation and a shift away from voice trading post-crisis, but newly-merged TP ICAP is betting its services are still vital as liquidity dries up in fixed income. Tullett Prebon (Frankfurt: N5C.F - news) completed the acquisition of long-term rival ICAP (Frankfurt: A0BKYB - news) 's global hybrid broking operations and started trading as TP ICAP last week.
By Helen Bartholomew LONDON, Dec 30 - ICAP has completed the sale of its global hybrid broking operations and began trading as a more streamlined company called NEX Group on Friday. Tullett Prebon, which ...