Volume of foreign-exchange trading fell 26 percent in April from a year earlier, according to ICAP Plc (IAP), the world’s largest broker of transactions between banks.
The average daily spot currency volume on ICAP’s EBS platform was $109.7 billion, down 11 percent from the previous month, the London-based company said in a statement dated May 3. The decline in April was the sixth-straight year-on-year slide, according to data on ICAP’s website.
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