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.
Fixed Income Clearing Corporation.