Foreign-Exchange Trading Volume Falls 26% in April, ICAP Says

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.

To contact the reporter on this story: Rocky Swift in Tokyo at rswift5@bloomberg.net

To contact the editor responsible for this story: Rocky Swift at rswift5@bloomberg.net

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