’’TP ICAP shocked investors with a warning that the London broker is unable to service some European clients because of a delay in the completion of its new trading base in Europe.
In absence of a deal for financial services, the loss of passporting rights in Europe means that TP ICAP’s UK-based offices “no longer have the full scope of necessary regulatory permissions” to conduct some of its services on the continent, TP ICAP said in a statement.
