Registered: Sep 2007
10-12-12 05:01 PM
Quote from Grandluxe:
Wall Street banks' equities-trading units aren't getting much relief from the strongest stock rally since 2009, as sinking volume and already thin margins threaten to make their annual performance the worst in six years.
Third-quarter equities-trading revenue probably fell 14 percent from the same period in 2011, the fifth straight drop of more than 8 percent, according to estimates by Kian Abouhossein, a JPMorgan Chase & Co. (JPM) analyst. Full-year revenue at the five largest U.S. investment banks may be the lowest since 2006, UBS (UBSN) AG's Brennan Hawken wrote in a Sept. 19 note to clients.
But its been great years for options traders