Revenues from trading fixed income instruments can provide a nasty surprise. Some of the most respected companies on Wall Street are exhausted from trading in debt for tens of millions of dollars.
Analysts at Barclays said that currently some banks have already confirmed the decline in revenue from trading at the end of the third quarter, which will probably mean declines steeper than originally planned.
Events in the third quarter increased challenges to companies and banks, therefore most of them are skeptical of the results for the third quarter. Expectations are for a reduction of income higher than projected pace.
E.Dimitrov JrTrader
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