The third quarter was a fairly weak period for investment banks in the global securities trading industry, as there was a notable reversal in debt and currency trading activity for the period from the upbeat levels seen since Q4 2016, and also because of record low equity market volatility.
from Forbes Real Time https://www.forbes.com/sites/greatspeculations/2017/11/10/jpmorgans-trading-revenues-in-q3-were-highest-among-all-banks-despite-decline/
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