BNY Mellon sets forex record for Q4
NEW YORK & BOSTON - Currency market volatility helped Bank of New York Mellon (BNY Mellon) clock record foreign exchange results for the fourth quarter, according to results released last Tuesday (January 20).
BNY Mellon said revenues in FX and other trading activities leapt 67% from $305 million in Q4 2007, reaching a milestone $510 million during Q4 2008.
These revenues also rose when compared with the prior quarter, jumping 32% from $385 million in Q3 last year to reach the current Q4 high.
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