JPMorgan predicts markets lull could ease next year

Skyscrapers - Wall Street

Record low volatility across equity and debt markets could ease next year, boosting Wall Street firms’ trading operations, JPMorgan Chase Chief Financial Officer Marianne Lake said.

Bloomberg News reports that the unusually calm markets and low client activity that caused the worst first half in trading since the financial crisis will probably continue through the middle of 2015, Lake said today at a conference in New York.

'It may be a tale of two cities where the first half looks a little bit more like a continuation of some the things we’d been seeing this year, but there may be greener pastures in the second half,' Lake said. 'When things change, they can change very, very quickly, so we want to be positioned for that.'

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