Interdealer broker TP Icap has seen a double-digit rise in revenues this year, with chief executive John Phizackerley calling the business “resilient” against a “mixed” market backdrop.

In a statement to coincide with its annual shareholder meeting today, TP Icap said revenues amounted to £619 million in the four months to the end of April, up 11% from the same period in 2016 on a pro-forma basis.