Volatility boosts Ficc revenues at banks as activity surges
Strong revenues come at time of poor industry Ficc performance
The return of volatility in currency markets has bolstered revenues at major US banks. The jump in profits has been attributed to market-making and foreign exchange trading in the third quarter of this year, after years of stalling or declining revenues in the fixed income, currencies and commodities business (Ficc).
Activity on trading platforms and brokers has also risen sharply since September, suggesting the long and painful slowdown in currency trading is drawing to a close. Since late
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