CIO CHALLENGE

摘要

Things are heating up in the capital markets. Information from the Securities Industry Association's June monthly statistical review shows that by the first quarter of this year, "Nearly every product and service line showed solid, and in some cases, exceptional growth." Total trading gains in Q1 were up 11 percent from Q4 last year; commissions and fee income rose 7.6 percent over the previous quarter; underwriting revenue increased 10.7 percent from Q4 and a whopping 43.6 percent from the first quarter of 2003; and mutual fund sales rose 8.7 percent. Gross revenues in the first quarter hit $58.68 billion and the industry was on target to hit $232.1 billion in gross revenues by the end of the year. That's the highest total since 2001, when the industry raked in almost $282 billion in gross revenues. And employment in the industry continues to rise, with more than 780,000 people now earning a living in securities.