Icap revenues down 5% in four months
Brokerage firm Icap experienced a 5% drop in revenues from October 2013 to February 2014, as ‘challenging market conditions' weighed on the broker's profits, and volumes on its currency trading platforms EBS remained "depressed," the group said in its latest financial statement.
EBS struggled to recover volumes it lost over the past two years, as volatility in its main traded currencies – the euro, dollar and yen – continued to weigh on daily average volumes. Latest figures showed average daily
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