ICAP plc is a voice and electronic interdealer broker, delivering specialist intermediary broking services to trading professionals in the wholesale financial markets. The Company covers a range of over-the-counter financial products and services in commodities, foreign exchange, interest rates, credit and equity markets, as well as data, commentary and indices. It is active in both established and emerging markets. Its electronic networks deliver global connectivity to customers seeking unparalleled liquidity and flow in an orderly marketplace. ICAP provides a specialist service by matching up buyers and sellers in the wholesale financial markets. Its customers include investment and commercial banks and they pay a commission to use them to complete a transaction. On April 7, 2008, the Company acquired Link. On April 1, 2008, the Company acquired a 78% of ICAP Equities Limited. In August 2008, it acquired Escorfin SA. In July 2008, it acquired Moving Pictures and Television LLC.
Quick Financial Synopsis
BRIEF: For the fiscal year ended 31 March 2009, ICAP plc's revenues increased 23% to £1.6B. Net income increased 4% to £175M. Revenues reflect increase in income from Voice division & Information divisions and significant increase in income from Electronic division. Net income was partially offset by increased operating expenses, lower other income, the absence of exceptional income, decreased finance income and an increased finance costs.
Company Address
ICAP PLC
2 Broadgate London ENG EC2M 7UR
P: +4420.70005000 F: +4420.70005975