Friday , 29 November 2024
Home Forex Tough year for FX and rates desks
Forex

Tough year for FX and rates desks

The largest 250 trading firms are set to make a total of $32 billion from trading of Group-of-10
rates and $16.7 billion from currencies, according to data collected by
Coalition Greenwich and reported by Bloomberg. Those are declines of 17% and 9% compared to last year, respectively and the lowest since 2021.

I’m surprised by the decline given the volatility in fixed income and the yen.

This article was written by Adam Button at www.forexlive.com.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

December forex seasonals: What’s hot, cold and gold in the month of December

The hours of November trading are ticking down but jingle bells are...

Canadian banks see a strong case for a 50 basis point rate cut

The headline from today's Canadian GDP report is that growth declined on...

European equity close: DAX leads the way as more rate cuts seen following CPI

Closing changes in Europe:Stoxx 600 +0.6%German DAX +1.0%France CAC +0.7%UK FTSE 100...

EUR/CAD Price Analysis: Buyers try to reclaim 20-day SMA after bearish crossover

The EUR/CAD pair saw a slight uptick in Friday's session, climbing by...