FICC
Business & Finance abbreviation · Finance
| Stands for | Fixed income, currencies and commodities |
|---|---|
| Categories | Business & Finance |
FICC stands for Fixed income, currencies and commodities, a finance abbreviation.
Trading business of an investment bank covering government and corporate bonds, interest rate derivatives, foreign exchange, credit and commodities. It is typically the larger of the two halves of sales and trading, alongside equities.
Example: FICC revenue rose 18 percent on the quarter as rate volatility drew clients back to the market.
Usage notes
Pronounced "fick." Large Wall Street banks report FICC revenue separately in quarterly earnings. In US market infrastructure, FICC is also the Fixed Income Clearing Corporation, a DTCC subsidiary that clears Treasury and mortgage-backed securities trades.
Related abbreviations
More finance abbreviations
- EV – Enterprise value
- EV/EBITDA – Enterprise value to EBITDA
- EVA – Economic value added
- FCF – Free cash flow
- FCFE – Free cash flow to equity
- FCFF – Free cash flow to the firm
- FP&A – Financial planning and analysis
- FV – Future value
- GP – General partner
- HNWI – High-net-worth individual
- HoldCo – Holding company
- IB – Investment banking