Volatility profits Icap
Foreign exchange revenues reached £92.7 million ($190.9 million) in the six months ending September 30, and accounted for 15% of the broker's overall revenues of £626.2 million.
London-based group chief executive Michael Spencer said FX trading was boosted by increased market activity in July and August, spurred by volatility resulting from instability in the US subprime mortgage market.
"Both electronic and voice-broking businesses felt the positive impact of these higher levels of activity and
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