Jefferies trading defies Q2 gloom

摘要

JEFFERIES FINANCIAL GROUP's revenue from sales and trading surged 29% to USS379m last quarter, contrasting with weakness seen by its larger rivals in April and May. The investment bank reported revenue from equities trading in its second quarter to May 31 of US$206m, up 18% from the year-ago period. Revenue from fixed income, currency and commodities trading rose 44% to US$173m. "In equities, we are realising market share gains globally, driven by our innovative electronic trading capabilities," said Jefferies chief executive Richard Handler.