TP ICAP first-quarter revenue falls 12% | 12 May 2021
12 May 2021 | 07:27am StockMarketWire.com - Inter-dealer broker TP ICAP said its first-quarter revenue had fallen 12% as market volatility eased. Revenue for the three months through March fell to £483 million, down from £547 year-on-year. The fall was a little weaker, at 9%, on a constant currency basis. Compared to the same period back in 2019, before the pandemic hit, revenue was up 3% and constant currency revenue was up 6%. 'Following the exceptional revenue performance in the first quarter of 2020 driven by extreme volatility across all asset classes, these results represent a solid p...