ICAP October volumes down 7% in October

Monday, 07/11/2011 | 17:05 GMT by Michael Greenberg
  • 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.

Click here to access your latest copy of the Forex Magnates Retail Forex Industry Report.

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.

Click here to access your latest copy of the Forex Magnates Retail Forex Industry Report.
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About the Author: Michael Greenberg
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