ICAP October volumes down 7% in October

ICAP October volumes down 7% in October

After a very hectic summer as witnessed across the board in the forex trading market October was somewhat slower despite the continuing Euro/Greece saga. ICAP reported a 7% decrease in volumes from September 2011 – which was its third highest since 2008.

This summer’s volatility has contributed to increased profitability of most retail forex brokers and might have even saved some mid-smaller ones from shutting down.

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