What is next for interdealer broker TP Icap?

TP Icap has struggled in a declining market, but there’s still a role for its services. Bruce Packard explains what that is.

London Metal Exchange
Last month, the London Metal Exchange (LME) – the largest market for industrial metals – suspended trading in nickel for a week and cancelled $3.9bn of trades.
(Image credit: ©Getty Images)

When shareholder activists target financial firms, history is not encouraging. In 2005, there was an activist campaign to prevent Deutsche Boerse from buying the London Stock Exchange.

Werner Seifert, the chief executive of the German exchange, lost his job and Rolf Breuer, chairman of the supervisory board, later resigned.

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Bruce Packard
Contributor

Bruce is a self-invested, low-frequency, buy-and-hold investor focused on quality. A former equity analyst, specialising in UK banks, Bruce now writes for MoneyWeek and Sharepad. He also does his own investing, and enjoy beach volleyball in my spare time. Bruce co-hosts the Investors' Roundtable Podcast with Roland Head, Mark Simpson and Maynard Paton.