Revenues slip at RP Martin

The UK money market broker offset lower revenues from fixed income broking with a strong rise in turnover within its FX franchise

RP Martin, one of the UK’s largest money market brokers, saw its revenues fall by more than 10% last year, as volumes in European interest rate markets were depressed by the eurozone crisis.

Revenues dropped to £74.2m from £83.5m, on the back of lower income from core European fixed income markets, according to documents filed at Companies House.

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