ICAP’s 24th Charity Day raises £8.2 million
London, New York, Singapore, 8 December 2016 – ICAP plc (IAP.L), a leading markets operator and provider of post trade risk mitigation and information services, announces today that it has raised £8.2 million on its 24th annual global Charity Day, held yesterday. This is equivalent to approximately 4% of ICAP’s pre-tax trading profit reported for the year ended 31st March 2016.
Michael Spencer, Group Chief Executive Officer of ICAP, said: "I’m incredibly proud that yesterday ICAP Charity Day raised £8.2 million. This brings the total amount raised over 24 years to nearly £135 million. I’d like to thank each and every one of our customers, employees, suppliers and our distinguished guests for their dedication and goodwill. Without them, this simply would not have been possible. The amount raised will make a tangible difference to hundreds of charities around the world and I look forward to continuing to raise funds for much need charitable causes with NEX Group.”
On Charity Day, 100% of ICAP’s revenues and 100% of its brokers’ commissions from the day go directly to charities. This year ICAP supported 200 charities globally, having supported more than 2,200 charities since the first Charity Day in 1993. A full list of the charities ICAP supported this year as well as more information about how ICAP’s donation will make a difference can be found at www.icapcharityday.com.
Notes to Editors:
2016 UK Charities supported by ICAP Charity Day
African Prisons Project
London’s Air Ambulance
Lord Mayor’s Appeal
Shakespeare’s Globe Trust
Shooting Star Chase
The Black Stork Charity- DNRC
The Eve Appeal
Background information on Charity Day
ICAP Charity Day was founded in 1993 to grow its charitable giving programme through an innovative fundraising initiative that would make a significant difference to charities. Made possible through its unique position in the financial markets, the Group and its brokers committed to donating all revenues and commissions on one day a year to a select group of charities around the world to guarantee that they would receive a sizeable contribution to fund much needed projects and initiatives. Now in its 24th year, ICAP, its customers and partners have collectively raised nearly £135 million to date. www.icapcharityday.com
ICAP is a leading markets operator and provider of post trade risk mitigation and information services. The Group matches buyers and sellers in the wholesale markets in interest rates, credit, commodities, FX, emerging markets and equity derivatives through voice and electronic networks. Through its post trade risk mitigation and information services ICAP helps customers manage and mitigate risks in their portfolios. For more information, go to www.icap.com.
ICAP announced in November 2015 that it intends to sell its global hybrid voice broking and associated information business to Tullett Prebon plc (“Tullett Prebon”), including ICAP's associated technology and broking platforms (including iSwap and Fusion) and certain of ICAP’s joint ventures and associate companies (“IGBB”). On completion of the transaction with Tullett Prebon, the ICAP brand will be transferred to Tullett Prebon and the remaining ‘NewCo’ business comprising of Post Trade Risk and Information services and Electronic Markets will be rebranded NEX Group plc.
NEX Group plc will be headquartered in London and will employ 1,850 people in offices worldwide.