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TP Icap expecting full-year boost from Brexit and US elections market turbulence

The company expects its broking business to be helped by increased market volatility

TP Icap said it expects its full-year revenue to be in line with 2019 thanks to expected boosts from the market volatility triggered by the US presidential election and Brexit.

The UK interdealer broker said on 9 November that its revenue for the third quarter ended 30 September was nearly £1.4bn, only 1% lower than the previous year on a constant currency basis (2% lower as reported).

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