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ICAP says Swiss franc movements drove "near record" euro-franc volumes

Reuters - UK Focus

Feb 10 (Reuters) - ICAP Plc (LSE: IAP.L - news) , the world's largest interdealer broker, said the Swiss National Bank's move last month to scrap the cap on the franc drove near record euro-Swiss franc trading volumes.

ICAP, which matches buyers and sellers of bonds, swaps and currencies, reported a 2 percent decline in third-quarter reported revenue as low interest rates, flat yield curves and bank deleveraging hurt its largest business, global broking. (Reporting by Richa Naidu in Bengaluru; Editing by Gopakumar Warrier)