first_img Show Comments ▼ Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap ICAP, the interdealer broker, said yesterday revenue increased nine per cent to £867m in the first half of the year on the back of its electronic and post trade units.The broker said pre-tax profit also rose by two per cent to £183m and it raised its interim dividend by three per cent to 5.27p.Icap said growth was driven by a rebound in its electronic brokerage business, where revenue was up 24 per cent to £151m, having declined last year, following September’s launch of its electronic euro interest rate swap platform. Icap said close to €110bn of contracts had been transacted and more than 1,000 trades.Its post-trade service also saw revenue increase 30 per cent to £90m.Icap’s traditional voice brokerage business remains its largest, with revenue of £596m, but its two per cent growth rate was overshadowed by the smaller units.Trading activity on Icap’s main foreign exchange system EBS and its bond platform Brokertec was up 26 per cent on the previous year to £750.3bn.MIchael Spencer, Icap’s chief executive, said the broker was looking to grow its post-trade services business, which supports clients’ middle and back-office requirements.He added: “Icap has performed well during the six months and we have continued to make significant progress towards our strategic goals, including the launch of the electronic euro interest rate swaps platform with market maker support. During a period of generally quieter markets Icap has delivered good revenue and earnings growth driven primarily by our strong electronic broking franchise.” KCS-content Share Icap revenue up on e-trade by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeNext RefinanceThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryNext RefinanceFinanceChatterViewers Had To Look Away When This Happened On Live TVFinanceChatterItsTheVibeThe Cutest 1980’s Stars Are Now In Their 60s, This Is Them NowItsTheVibezenherald.com20 Rules Genghis Khan’s Army Had To Live Byzenherald.comZen HeraldShe Inspired Three Of The Most Popular Songs EverZen HeraldBleacherBreaker4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!BleacherBreakerOpulent ExpressHer Quadruplets Were Born Without A Hitch. Then Doctors Realized SomethingOpulent ExpressMoneyWise.com20 Places Where $150K Is More Than Enough To Retire MoneyWise.comGundry MDThe Secret To Breaking Up Dark Spots On Face (Or Neck Or Hands)Gundry MDcenter_img Wednesday 17 November 2010 8:44 pm whatsapp whatsapp Tags: NULLlast_img