ICAP 3Q 2015 revenue falls 5%

ICAP - 3Q 2015 results show a 5% decline in group revenue from continuing businesses; the firm noted that overall market conditions have remained challenging and risk appetite remained subdued amongst its clients as they continue to de-leverage their balance sheets.

ICAP's third-quarter revenue from continuing operations falls 5 pct

Feb 9(Reuters) - ICAP Plc, which matches buyers and sellers of bonds, swaps and currencies, reported a 5 percent fall in third-quarter revenue from continuing operations amid fragile market conditions.

ICAP, a broker for interest rates derivatives, commodities, foreign exchange and fixed income products, said its deal to merge its global hybrid voice broking business with Tullett Prebon Plc is expected to take place during 2016.