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ICAP Spot FX Volumes Still Depressed In January

|Includes:BGCP, FX Alliance Inc. (FX), FXCM, GCAP, IAPLF, IAPLY, IGGRY, KCG, STT, SWQGF

Forex ECN volumes remain depressed - will FXall be able to price its IPO in this environment?

ICAP logoAfter we reported last month that Leading Forex ECN ICAP reported its lowest spot Forex volume in more than six years (Dec 2011) at $95.6 billion of average daily volume on its EBS platform, ICAP has now reported that January 2012 wasn't all that much better, at $116 billion - down 23% from January last year. (For the ICAP press release click here).

ICAP mo_vol_Jan12

For more details see LeapRate's Forex Industry News at leaprate.com

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