The Bid & Ask

Quotations, Dispatches, and the Daily Tape

Friday, August 14, 2026

Subject of the day

TCAP.L

Concerning the House

TP ICAP Group PLC provides intermediary services, contextual insights, trade execution, pre-trade and settlement services, and data-led solutions in Europe, the Middle East, Africa, the Americas, and the Asia Pacific. It operates through Global Broking, Energy & Commodities, Liquidnet, and Parameta Solutions divisions. The Global Broking division operates in rates, foreign exchange (FX) and money markets, equities, and credit products; and offers broking, facilitating price discovery, and liquidity services. The Energy & Commodities division operates in various commodities markets, including oil, gas, power, renewables, ferrous metals, base metals, precious metals, soft commodities, and digital assets. This division also assists in canvassing the market for expressions of interest, intelligence gathering, negotiations, and post-transaction processing; and provides insights on the impact of unpredictable factors, such as weather conditions, geopolitics, and exchange rate movements. The Liquidnet division operates Liquidnet, a cash equities dark/block electronic trading network; and Coex Partners, a trade advisory and agency execution service that covers listed derivatives, FX, government bonds, cleared interest rate swaps, and cash equities. This division serves hedge funds, asset managers, and asset owners. The Parameta Solutions division provides unbiased data products that facilitate trading, enhance transparency, reduce risk, and enhance operational efficiency; and pricing, reference data, and analytical tools . This division also offers real-time price information for the OTC financial and commodity markets delivering independent data for various asset classes, including rates, FX and money markets, volatility, oil, energy, inflation, credit, and equities. TP ICAP Group PLC is based in Saint Helier, Jersey.

Jersey · tpicap.com/tpicap

Quotation

$323.60

-1.60 (-0.5%)

52w hi$355.00
52w lo$240.40
Vol903.33K
As ofAug 13
The Verdict

Buy

Our score +0.53

Short+0.35
Medium+0.61
Long+0.72

computed 2026-08-13

By the Numbers

TP ICAP Group PLC

Financial Services · Capital Markets

Market cap$2.31B
Enterprise value$3.12B
Trailing P/E12.94x
Forward P/E8.68x
EV / EBITDA
P / S (ttm)0.98x
Profit margin8.1%
Return on equity9.8%
Revenue growth+6.0%
Earnings growth+7.8%
Debt / equity245.91
Risk Metrics
Beta vs SPX0.24
Corr SPX0.16
Annual vol24.0%
Annual ret+18.2%
Sharpe0.76
Max DD-23.6%

Window: 504 trading days (491 obs)

Layer Breakdown
LayerRawContribution
Fundamental+0.40
Sector+0.09
Technical+0.30
Earnings+0.00
Sentiment+0.00

macro × 1.00 · 2026-08-13

Recent Sessions
DateOpenHighLowCloseVol
Aug 13$328.60$328.60$322.60$323.60903.33K
Aug 12$319.00$325.60$319.00$325.201.07M
Aug 11$324.00$328.40$324.00$324.001.16M
Aug 10$320.80$327.40$320.80$325.002.47M
Aug 7$312.20$330.20$312.20$324.802.48M