Disappointing Q4s cited as proof of Ficc regulatory squeeze
The publication of disappointing fourth-quarter results in fixed income, currencies and commodities (Ficc) over the past two weeks has confirmed that FX trading is becoming an increasingly low-margin, high-volume business as a result of regulatory constraints weighing on banks, according to market participants and industry observers.
Participants expect the squeeze to continue, with some suggesting it could get worse, especially for investment banks that lack diverse customer flows and are
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