ICAP trades record forex volume amid Japanese crisis

LONDON -(Dow Jones)- Currencies Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term EBS Tuesday handled its heaviest flows since last September's super-sized official intervention to weaken the Japanese yen, reflecting the huge grip that Japan's nuclear threat now has on foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term.

The ICAP PLC (IAP.LN) owned system, used by banks and big funds, handled $232.8 billion in deals Tuesday, a spokeswoman for the firm said, making Tuesday the system's biggest volume day since Sept. 15, 2010, when Japanese authorities unilaterally sold the yen against the dollar for the first time since 2004 in a bid to cap the yen's sharp appreciation.

Tuesday saw the effects of Japan's disastrous earthquake ripple through European financial markets, with investors scrambling to exit risky trades and pile into the relative safety of the Japanese yen and the Swiss franc. EBS dominates bank-to-bank trading in the yen.