FICC: Difference between revisions
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imported>Doug Williamson (Classify page.) |
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1. | 1. ''Banking.'' | ||
Fixed Income, Currencies, and Commodities. | Fixed Income, Currencies, and Commodities. | ||
A grouping of activities organisationally in some banks - the FI part referring to bonds etc. | A grouping of activities organisationally in some banks - the Fixed Income (FI) part referring to bonds etc. | ||
Not necessarily a rational organisational grouping. | Not necessarily a rational organisational grouping. | ||
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2. ''US'' | 2. ''US''. | ||
Fixed Income Clearing Corporation. | Fixed Income Clearing Corporation. |
Revision as of 22:52, 9 October 2021
1. Banking.
Fixed Income, Currencies, and Commodities.
A grouping of activities organisationally in some banks - the Fixed Income (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.