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ICAP’s EBS Volumes Drop In Line With Industry Trends in April

The lower volatility in April has taken its toll on the activity at ICAP in April when compared to last

Electronic trading volumes on ICAP’s EBS trading platform marked a decline in April. The foreign exchange business of UK’s largest inter-dealer broker have averaged $96.9 billion on a single count basis.

The figure is lower by 15% when compared to last month and about 41% higher when compared to last year. The figure reflects a drop in volatility in foreign exchange last month, as expectations about tightening by the U.S. Fed have been scaled back and the U.S. dollar rally has grinded to a halt.

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