FX adds shine to banks' Q4 results
The bank reported a 73% increase in trading services revenue compared with the same quarter last year, up from $203 million to $352 million.
The bank said the revenue increase in this sector - which includes foreign exchange trading revenue, brokerage and other fee revenue - had been driven by improved volumes and higher volatility in FX, as well as an increase in brokerage and other revenue. The latter was principally due to the acquisition of electronic trading platform Currenex in March 2007
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