ICAP plc (IAP.L), the world's premier interdealer broker, announces the following trading update ahead of the close period following its financial half year ended 30 September 2008.
ICAP expects to announce its interim results for the half year ending 30 September 2008 on 18 November 2008.
Group revenue in the half year ended 30 September 2008 is expected to be some 20% ahead of the same period in the previous year. ICAP has a broadly diversified revenue base and in a number of markets during this half year the Group benefited from higher than average levels of volatility. This has more than offset those businesses that have been adversely affected by events in the credit markets.
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