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

(Reuters) - ICAP Plc, 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)