Electronic trading revenues doubled at Icap last year, driving the money broker's pre-tax profits to a record £251.6m (€368.8m) despite the weakness of the US dollar which stymied growth.

The acquisition of the EBS currency and commodity trading business in June last year propelled full-year electronic trading revenues up 103% to £199.1m, pushing the proportion of profits earned from electronic broking from 15% the previous year.