Discover your dream Career
For Recruiters

Based on Global Performance, Here are the Best Banks in Fixed Income Currencies and Commodities (FICC) and Equities

If you were wondering what the best banks to work for when it comes to Fixed Income Currencies and Commodities (FICC) or Equities sales and trading are, one criterion is the bank's global performance as measured against its competitors. Fortunately, UBS's banking analysts have issued a report charting the evolution of revenues for banks’ sales and trading businesses from 2009 to the first quarter of 2012.

Q1 is by far the most important three months of the year for sales and trading revenues, making it a barometer of a business’s health.

UBS’s figures, given in the tables below, confirm that Goldman has been the consistent loser of market share in FICC since 2009. By comparison, J.P. Morgan has consistently gained. BNP and SocGen’s investments in fixed income currencies and commodities (FICC businesses) appear to have paid off. Citi has never regained its leading FICC share from Q12009.

In equities, J.P. Morgan again takes the top spot, while BarCap and Deutsche appear to have taken share from UBS. Citi has lost significantly, but partially reversed the downward trend in the past quarter.

Overall, market shares look surprisingly stable over the past three years. What’s more notable is what’s happened to absolute revenues numbers: total FICC revenues as measured by UBS were down 30 percent in Q12012 vs. Q12009; equities sales and trading revenues were up 20 percent over the same period, but fell 15 percent between Q12010 and the first quarter of this year.

FICC market shares (%), by stated revenues:

Equities market shares (%), by stated revenues:

author-card-avatar
AUTHORSarah Butcher Global Editor

Sign up to Morning Coffee!

Coffee mug

The essential daily roundup of news and analysis read by everyone from senior bankers and traders to new recruits.

Boost your career

Find thousands of job opportunities by signing up to eFinancialCareers today.
Latest Jobs
Oxford Knight
Python Engineer | Chicago/NYC- Global Quant Firm
Oxford Knight
New York, United States
Oxford Knight
Python Engineer | Chicago/NYC- Global Quant Firm
Oxford Knight
Chicago, United States
Oxford Knight
AI Research Scientist - New York- Global Quant Firm
Oxford Knight
New York, United States
Deutsche Bank
Cloud Engineer - Assistant Vice President
Deutsche Bank
Cary, United States
Deutsche Bank
Compliance Testing - Assistant Vice President
Deutsche Bank
Jacksonville, United States

Sign up to Morning Coffee!

Coffee mug

The essential daily roundup of news and analysis read by everyone from senior bankers and traders to new recruits.