ICAP October volumes down 7% in October

After a very hectic summer as witnessed across the board in the Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term 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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