TP ICAP cautious on raising forecasts after first-quarter boom

(Reuters) - TP ICAP Plc , the world's largest inter-dealer broker, saw revenue rise by almost a fifth in the first quarter, as its broking business benefited from the gyrations in financial markets caused by the coronavirus and collapsing oil prices.The company, which brings together buyers and sellers in financial, energy and commodities markets and benefits when volatility and transaction volumes are higher, said revenue rose 17% at constant exchange rates to 547 million pounds in the three..