(Reuters) - ICAP Plc (L:IAP), which matches buyers and sellers of bonds, swaps and currencies, reported a 5 percent fall in third-quarter revenue from continuing operations amid fragile market conditions.
ICAP, a broker for interest rates derivatives, commodities, foreign exchange and fixed income products, said its deal to merge its global hybrid voice broking business with Tullett Prebon Plc (L:TLPR) is expected to take place during 2016.
Both companies are in the process of obtaining regulatory and competition approval from various authorities, ICAP said.