FX spot volumes drop back to normal
Spot FX volumes on electronic broking platforms fell in April from the elevated levels seen in March, which followed the earthquake and tsunami that struck Japan on March 11. The earthquake caused a spike in market volatility, which in conjunction with ongoing political turmoil in the Middle East caused FX spot volumes to rise above normal levels.
Total average daily volume in April on Icap's EBS platform was $147.4 billion, a 6% decrease from March and a 4% decrease from April 2010. Meanwhile
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