Oct. 19 (Bloomberg) -- Major swaps dealers say their profits will be flat or decline in the year after reforms mandated by the Dodd-Frank Act take effect, according to research and advisory firm Tabb Group.
In the longer term almost three out of four dealers said they expect trading volumes to improve as more users enter the market, Kevin McPartland, a senior analyst at Tabb, wrote in a study released today. The report was based on interviews with 23 swap dealers, including JPMorgan Chase & Co., Citigroup Inc. and the eight other largest U.S.-based banks.
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