{"id":107909,"date":"2024-12-04T03:22:33","date_gmt":"2024-12-04T01:22:33","guid":{"rendered":"https:\/\/www.lamaisonestates.com\/?p=107909"},"modified":"2024-12-04T03:22:33","modified_gmt":"2024-12-04T01:22:33","slug":"wall-street-macro-traders-face-toughest-year-since-pandemic","status":"publish","type":"post","link":"https:\/\/www.lamaisonestates.com\/he\/wall-street-macro-traders-face-toughest-year-since-pandemic\/","title":{"rendered":"Wall Street Macro Traders Face Toughest Year Since Pandemic"},"content":{"rendered":"<p>Wall Street\u2019s macro traders are set for their weakest performance in foreign-exchange and rates trading since the pandemic era, as global banks grapple with shrinking margins and a challenging economic environment.<\/p>\n<p>Data from Coalition Greenwich indicates that over 250 major financial institutions, including Goldman Sachs, JPMorgan Chase, Citigroup, and Morgan Stanley, are projected to earn $32 billion from trading Group-of-10 (G10) rates and $16.7 billion from currency trading in 2024.<\/p>\n<p>These figures represent a year-on-year decline of approximately 17% in G10 rates revenue and a 9% drop in foreign exchange trading revenue.<\/p>\n<p>The downturn reflects the difficulties posed by tighter profit margins and broader macroeconomic pressures affecting financial markets worldwide.<\/p>\n<p><em>Source: Bloomberg, Stockwatch Cyprus<\/em><\/p>","protected":false},"excerpt":{"rendered":"<p>Wall Street\u2019s macro traders are set for their weakest performance in foreign-exchange and rates trading since the pandemic era, as global banks grapple with shrinking margins and a challenging economic environment. Data from Coalition Greenwich indicates that over 250 major financial institutions, including Goldman Sachs, JPMorgan Chase, Citigroup, and Morgan Stanley, are projected to earn [&hellip;]<\/p>","protected":false},"author":9,"featured_media":107910,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.lamaisonestates.com\/he\/wp-json\/wp\/v2\/posts\/107909"}],"collection":[{"href":"https:\/\/www.lamaisonestates.com\/he\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lamaisonestates.com\/he\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lamaisonestates.com\/he\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lamaisonestates.com\/he\/wp-json\/wp\/v2\/comments?post=107909"}],"version-history":[{"count":1,"href":"https:\/\/www.lamaisonestates.com\/he\/wp-json\/wp\/v2\/posts\/107909\/revisions"}],"predecessor-version":[{"id":107911,"href":"https:\/\/www.lamaisonestates.com\/he\/wp-json\/wp\/v2\/posts\/107909\/revisions\/107911"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.lamaisonestates.com\/he\/wp-json\/wp\/v2\/media\/107910"}],"wp:attachment":[{"href":"https:\/\/www.lamaisonestates.com\/he\/wp-json\/wp\/v2\/media?parent=107909"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lamaisonestates.com\/he\/wp-json\/wp\/v2\/categories?post=107909"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lamaisonestates.com\/he\/wp-json\/wp\/v2\/tags?post=107909"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}