TP Icap, which brokers trades between banks in the wholesale financial markets, benefitted from market volatility that sent its third-quarter revenues up by 17%, boosting the intermediary’s share price.

Despite the strong performance, TP Icap said that it has not changed its full-year guidance of “low single-digit revenue growth on a constant currency basis” and pointed to “current geopolitical uncertainties which may have an impact on transaction volumes in the fourth quarter”.