Volatility and options push up FX revenues in 2015
Figures from the 12 largest investment banks show G10 FX up on 2014, while Ficc trading was down 9%
Significant outperformance in options, mostly driven by elevated levels of currency volatility in the first half of 2015, drove G10 foreign exchange revenues higher over the year, compared with 2014, according to the Coalition Index report published this week.
While overall revenues in fixed-income, currencies and commodities (Ficc) trading were down 9% year-on-year (YoY), the figures for G10 FX – including spot, forwards and options – saw a 19% jump to $9.5 billion, from $8 billion in 2014, in
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