Trading

Tullett Prebon benefits from volatility after Brexit

Exchange rate movements help boost revenues for the interdealer broker in the third quarter

Tullett Prebon benefits from volatility after Brexit
Photo: iStockPhoto

Market volatility and the fall in the pound following the UK's vote to leave the EU helped boost Tullett Prebon's third-quarter revenues.

The UK-based interdealer broker reported revenues of £216 million in the three months ended September 30, up 15% from £188 million a year earlier. Tullett made about 60% of its revenue in dollars.

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