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Simply Wall St has no position in any stocks mentioned. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. In the first half of the year, the company’s global broking revenue fell 7 on a constant currency basis and 11 on a reported basis. We aim to bring you long-term focused analysis driven by fundamental data. TP ICAP reported adjusted profit before tax of 88 million in H1 2021, down 35.3 compared to the 136 million the company earned in H1 2020. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. This article by Simply Wall St is general in nature. Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on GB exchanges.
#TP ICAP NEWS FREE#
For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket. TP ICAP is not the only stock that insiders are buying. Every company has them, and we've spotted 5 warning signs for TP ICAP you should know about. TP ICAP Plc, the world's largest interdealer broker, reported a 9 fall in first-quarter revenue on Wednesday, to 483 million from 530 million a year earlier. But to understand TP ICAP better, we need to consider many other factors. It's always interesting to track share price performance over the longer term.
Although Baron Rothschild famously said to "buy when there's blood in the streets, even if the blood is your own", he also focusses on high quality stocks with solid prospects. Shareholders have lost 15% per year over the last three years, so the share price drop has become steeper, over the last year a potential symptom of as yet unsolved challenges. Meanwhile, the broader market slid about 5.1%, likely weighing on the stock. Last month, TP ICAP completed its acquisition of institutional trading network and dark pool operator Liquidnet for $700 million after confirming its intention to buy the company in September.TP ICAP shareholders are down 40% for the year (even including dividends), falling short of the market return. Other brands within the division include Tullett Prebon Information, PVM Data Services, ICAP Information, Liquidnet Investment Analytics and Burton-Taylor Consulting. “Giving the business a new, distinct identity will accelerate the execution of this strategy, better enabling it to develop new partnerships, work with third-party data sources, and diversify its offering beyond raw data to include benchmarks, indices and post-trade solutions.” “The Parameta Solutions business is an engine of sustainable growth and diversification for our Group. Its strategy is to develop new products, provide new methods of distribution and grow its client base by expanding its presence with the buy-side,” said Nicolas Breteau, chief executive of TP ICAP. The post-trade offering also aims to help market participants control counterparty and regulatory risks using balance sheet exposure management tools, with compression and optimisation services.
Parameta Solutions covers TP ICAP’s over the counter content and proprietary data, as well as insights across price discovery, risk management, benchmark and indices and pre-and post-trade data. “We aim to develop our offering to provide tailored data-powered solutions that create possibilities and value, distributing these solutions from enterprise to cloud delivery, via channel partners, or direct via the Parameta Solutions webstore.” “By providing valuable OTC market data, we make it easier for our clients to manage complex markets where quality pricing data is scarce,” Sinclair commented. Operating as Parameta Solutions, the new division includes TP ICAP’s data and analytics products and solutions with post-trade services.Įric Sinclair, who has led TP ICAP’s data and analytics unit since late 2017, will remain chief executive of the newly created business. Interdealer broker TP ICAP has rebranded its data and analytics division and combined it with the post-trade business under one umbrella.
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