A bruising first quarter for fixed income, currencies and commodities units within the largest investment banks has shifted the top of the FICC league table, according to new research, with three banks tying for the top spot for the first time.

JP Morgan tied with Deutsche Bank and Citigroup for FICC performance in the first quarter of the year, according to analytics firm Coalition's methodology, after holding the top position for FICC alone in the first quarter of 2013.