The origin of the first-sharp diffraction peak (FSDP) in supercooled l
iquid ZnCl2 (a network-forming, intermediate strength fluid) is studie
d by computer simulation. Measures are introduced to characterize void
s in the spatial distribution of cations and the existence of transien
t layered structures and to clarify their role in producing the FSDP.
It is shown that the position of the FSDP is set by the mean intervoid
separation and that its intensity is due to density fluctuations with
a layered character even well above the glass transition.