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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  TP ICAP PLC    TLPR   GB00B1H0DZ51

TP ICAP PLC

(TLPR)
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Delayed Quote. Delayed London Stock Exchange - 08/16 11:35:13 am
289.1 GBp   +3.66%
08/07TP ICAP : On track for £75m savings, says boss
AQ
08/06TP ICAP : profits fall, sees pick-up in trading volumes
RE
07/10ICAP wins again in fight against $16.7 million EU antitrust fine
RE
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New York Opens Probe Into Currency Manipulation

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11/23/2015 | 12:56pm EDT

The New York Attorney General has opened an investigation into possible manipulation of options contracts tied to currencies of developing nations, according to a person familiar with the matter.

The regulator filed subpoenas last week to four brokers that operate platforms for trading the contracts: Tullett Prebon PLC, BGC Partners Inc., GFI Group Inc. and TFS-ICAP Ltd., the person said. The investigation was started after the attorney general's office received a tip and is still at a preliminary stage, the person said.

The inquiries center on the alleged use of bids or offers by firms to bluff others into believing particular contracts had more buying and selling interest than they truly had, a practice also known as "ghosting" or "flying," the person said. By increasing volume, brokers that operate trading platforms could gain more fees, the person said.

The office's Criminal Enforcement and Financial Crimes Bureau is leading the investigation. Representatives for the brokers who were sent subpoenas declined to comment.

Spoofing has become a major area of enforcement action in markets for stocks, bonds and futures. Michael Coscia, a New Jersey-based trader, in November was found guilty of criminal fraud charges for spoofing the futures market. He is planning to appeal.

The investigation was reported earlier by Bloomberg News.

Write to Bradley Hope at bradley.hope@wsj.com

Access Investor Kit for "BGC Partners, Inc."

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Stocks mentioned in the article
ChangeLast1st jan.
BGC PARTNERS, INC. 3.88% 5.09 Delayed Quote.-1.55%
TP ICAP PLC 3.66% 289.1 Delayed Quote.-3.95%
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Latest news on TP ICAP PLC
08/07TP ICAP : On track for £75m savings, says boss
AQ
08/06TP ICAP : profits fall, sees pick-up in trading volumes
RE
07/10ICAP wins again in fight against $16.7 million EU antitrust fine
RE
05/28TP ICAP : Publication of Final Terms
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05/24TP ICAP : Result of Tender Offer
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05/16TP ICAP : Tender Offer
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05/15TP ICAP : Publication of a Prospectus
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05/15TP ICAP : Confirmation of Richard Berliand as Chairman
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05/15TP ICAP : AGM Statement and Trading Update
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04/30TP ICAP : Tullett Prebon appoints Andrew Patterson to the London Metal Exchange ..
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More news
Financials (GBP)
Sales 2019 1 777 M
EBIT 2019 266 M
Net income 2019 101 M
Finance 2019 519 M
Yield 2019 5,84%
P/E ratio 2019 15,7x
P/E ratio 2020 10,1x
EV / Sales2019 0,62x
EV / Sales2020 0,94x
Capitalization 1 615 M
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Technical analysis trends TP ICAP PLC
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TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 7
Average target price 383,80  GBp
Last Close Price 289,10  GBp
Spread / Highest target 73,0%
Spread / Average Target 32,8%
Spread / Lowest Target 8,61%
EPS Revisions
Managers
NameTitle
Nicolas Noel Andre Breteau Chief Executive Officer & Director
Iain Plunkett Group Chief Operating Officer
Robin Stewart Chief Financial Officer & Director
Angela Ann Knight Senior Independent Non-Executive Director
Stephen Jeffrey Pull Independent Non-Executive Director
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