Trading Places, 11 August, 2014

Three businesspeople meet and shake hands

- FX Markets Comment
- 08 Aug 2014

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Icap reduces FX spot headcount in New York
Icap has cut up to a dozen staff at its New York-based spot FX voice-broking service, as low market volatility and bank deleveraging take their toll on revenues. FX Week reported at the beginning of July that Icap was set to cut 100 brokers across asset classes as part of a £60 million cost-saving programme, and this current move is understood to be a continuation of that process. "In global broking, conditions are still very difficult, and we continue

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