During the quarter, Fixed Income, Currency and Commodities
Client Execution operated in a challenging environment reflecting broad market concerns and uncertainty, which led to slightly lower levels of activity.
BTIG, Llc has said that the Fixed Income, Currency and Commodities
division has hired a Commercial Mortgage-Backed Securities desk led by Weston Friedman.
Net revenues in Fixed Income, Currency and Commodities
Client Execution were $2.07 billion, 23% higher than the first quarter of 2017, due to significantly higher net revenues in currencies, commodities and credit products, partially offset by lower net revenues in interest rate products and mortgages.
Historically low volatility as measured by the VIX Index is still weighing on overall fixed income, currency and commodities
results because clients have not needed to re-hedge their positions.
BTIG offers execution, expertise and insights for equities, equity derivatives, ETFs and fixed income, currency and commodities
(futures, commodities, foreign exchange, interest rates, credit, and convertible and preferred securities).
BTIG Llc, a global financial services firm specialising in institutional trading, investment banking, research and related brokerage services, has announced two senior appointments within its Fixed Income, Currency and Commodities
Trading in fixed income, currency and commodities
dipped 53% to USD1.6bn, while expenses declined by 23.3%.