EBS credited for 75% rise in e-broking revenues at Icap
NEWS
Revenues from electronic broking reached £86 million ($166 million) following the June acquisition of the spot broker for $532 million in cash and 36.1 million shares. "This significantly increased our foreign exchange revenues," Icap said in its interim statement last Tuesday (November 21).
Overall income from FX reached £68.7 million, accounting for 13% of total Icap revenues. The broker said EBS also boosted results in the information division, where revenues rose 3% to £18.2 million.
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