LOOSE CHANGE
LOOSE CHANGE
J.P. Morgan & Co. finally released 1992 trading revenue for foreign exchange spot and options contracts, which rocketed to $262 million from $85 million in 1991. Morgan stopped reporting this information separately last year, consolidating it into its trading revenue figure, but Federal Reserve Bank requirements mean that it is made available later. Morgan's 1992 annual report attributes the gains to an increase in the volume of market-making, primarily in European currencies. Also, the report
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