FICC: Difference between revisions
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A grouping of activities organisationally in some banks - the FI part referring to bonds etc. Not necessarily a rational organisational grouping. | A grouping of activities organisationally in some banks - the FI part referring to bonds etc. Not necessarily a rational organisational grouping. | ||
Following interest rate and currency market scandals | Following interest rate and currency market scandals in the years following 2010, FICC has increasingly become used as a market sector classification by regulators. Previously broadly recognisable in, for example, UK usage as encompassing the [[Non-investment product]] and commodities sectors. | ||
Revision as of 16:15, 15 November 2017
1.
Fixed Income, Currencies, and Commodities.
A grouping of activities organisationally in some banks - the FI part referring to bonds etc. Not necessarily a rational organisational grouping.
Following interest rate and currency market scandals in the years following 2010, FICC has increasingly become used as a market sector classification by regulators. Previously broadly recognisable in, for example, UK usage as encompassing the Non-investment product and commodities sectors.
2. US
Fixed Income Clearing Corporation.
