Bloomberg News

ICAP Spot Currency Trading Volume on EBS Falls 22% in July

August 03, 2012

ICAP Plc, the London-based independent broking service, said currency trading volume on its electronic trading platform EBS was down 22 percent in July from a month earlier.

Foreign-exchange volumes in June were $106.7 billion, ICAP said in an e-mailed statement today. Volumes were down 41 percent from a year earlier, on exceptionally high volume after multiple sovereign credit rating downgrades in 2011, ICAP said.

To contact the reporter on this story: Allison Bennett in New York at abennett23@bloomberg.net

To contact the editor responsible for this story: Robert Burgess at bburgess@bloomberg.net


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