E-broking FX volumes soar
Icap said last Friday (November 7) that average daily electronic broking volumes on spot-broking system EBS in October rose 22% to $243.8 billion. In the 12-month period ending October 31, average daily electronic FX broking volumes on the EBS platform increased by 29% over the corresponding period in 2007 to $223.1 billion.
Meanwhile, BGC's foreign exchange revenues rose 6.4% from the third quarter of 2007 to reach $38.4 million in its Q3 earnings release last Wednesday (November 5). BGC
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