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Virus volatility hands investment banks 30% trading revenue boost

Large investment banks’ trading desks could be set for their best first quarter in five years

Virus volatility hands investment banks 30% trading revenue boost
Photo: Getty Images

Large investment banks’ trading desks could be set for their best first quarter in five years, as the market volatility spurred by the coronavirus has prompted huge revenue increases on certain desks.

Revenues are in line to increase by up to 30% in the first quarter of this year compared with the same period in 2019, according to companies that work with large investment banks, which declined to be named.

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