Icap spot forex surges 60% after Lehman Brothers collapses
The London-based broker said volumes surged ahead of its 12-month average, to the end of August, of $212.5 billion in the fallout from the collapse of Lehman on September 14. Trading activity was also affected by the actions of governments and regulators to stabilise the financial markets and institutions.
Icap said total volume in voice-brokered interest rate swaps and options in London and New York together on the two days was also higher than the 12-month average, at 35% and 95%. However, it
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