OCC: Trading Revenue Down in Q3

Commercial banks reported total trading revenue of $6.4 billion in the third quarter of 2017, down 3.6 percent from the second quarter and 0.6 percent from a year ago, according to the OCC’s Quarterly Report on Bank Trading and Derivatives Activities released yesterday.

The net current credit exposure was down $21.1 billion, or 5.7 percent, in the third quarter, the report said. The notional amount of derivatives banks held increased by 1.5 percent to $188.3 trillion.