JM News UK

Trading in fixed-income products and currencies got a boost after the Swiss central bank scrapped a cap on the franc, the European Central Bank announced its quantitative easing programme, and the U.S. Federal Reserve moved to tighten monetary policy. Goldman's shares rose about 0.4 percent to $201.90 in premarket trading. Goldman has been more committed to fixed-income and commodities trading than some rivals, with Chief Executive Lloyd Blankfein arguing that his bank will be able to capture market share by staying in trading areas others are abandoning in the face of new capital rules and a slump in client activity. Revenue from trading fixed income, currencies and commodities (FICC) rose 10 percent to $3.13 billion (£2.09 billion).



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