FICC introduces new fee, 10% of VaR, for increased volatility around specific Fed releases starting Monday.

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This means that the Fixed Income, Currency, and Commodities (FICC) division has introduced a new fee related to heightened volatility during specific Federal Reserve (Fed) releases. The fee will be equivalent to 10% of members’ Value at Risk (VaR) and will be applied two days before and on the day of specified events if certain conditions are met.

The measure appears aimed at managing risk and potentially stabilizing the market during volatile periods surrounding key Fed releases.

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