ICAP says Greek uncertainty lowering trading volumes

July 15 (Reuters) - Interdealer broker ICAP Plc (LSE: IAP.L - news) , which matches buyers and sellers of bonds, swaps and currencies, said the uncertainty over a possible Greek default and the euro zone's future had reduced risk appetite and trading volume.

ICAP, a broker for interest rates derivatives, commodities, foreign exchange and fixed income products, said while currency volumes had picked up, the lack of a clear picture on the direction and timing of any interest rate moves was weighing on volumes.

ICAP reported a 1 percent drop in group revenue for April 1 to June 30, the first quarter of its financial year, once currency fluctuations had been stripped out. (Reporting by Aashika Jain in Bengaluru; editing by David Clarke (Toronto: CKI.TO - news) )