GFI's brokerage streams down 19% in Q4
NEW YORK - Brokerage revenues at GFI declined 19% in the fourth quarter, totalling $193.8 million, the firm announced last week (February 19).
The slump included drops of 21%, 37% and 30% for credit, financial and commodity product revenues respectively. Within credit products there was a 61% increase in corporate and sovereign fixed-income revenue, although this was offset by a 47% decrease in credit derivatives revenue. Group revenues for the quarter were down 21% from the previous year to
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