Trading

Tullett Prebon benefits from volatility after Brexit

Exchange rate movements help boost revenues for the interdealer broker in the third quarter

Tullett Prebon benefits from volatility after Brexit
Photo: iStockPhoto

Market volatility and the fall in the pound following the UK's vote to leave the EU helped boost Tullett Prebon's third-quarter revenues.

The UK-based interdealer broker reported revenues of £216 million in the three months ended September 30, up 15% from £188 million a year earlier. Tullett made about 60% of its revenue in dollars.

WSJ Logo
Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With TrumpExternal link

Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With Trump