FICC
From ACT Wiki
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 that came to light 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.
See also
2. US
