The bank’s equity derivative traders have generated roughly US$1.5bil in revenue so far this year
NEW YORK: Revenue is swelling in a key part of JPMorgan Chase & Co’s trading division as its teams stay engaged through violent price swings that have prompted some market players to pull back.
The bank’s equity derivative traders have generated roughly US$1.5bil in revenue so far this year, according to a person with knowledge of the situation who asked not to be identified because the numbers are confidential.
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