FX volumes rise at Icap
LONDON – Foreign exchange revenues rose 6% at Icap for the six months to September 30, but average daily trading volumes on EBS Spot fell 44% year-on-year in October.
In the interdealer broker’s results released last week (November 17), FX revenues across voice and electronic broking registered £131 million compared with £124 million in the same period in 2008. Average daily EBS volumes for October were down significantly at $137.6 billion, dropping from $243.8 billion in the previous year.
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