Despite posting a 14.5% decline in derivatives volume, Bank of America bucked the trend among dealer banks in the fourth quarter by increasing trading revenue.

Bank of America's increase in trading revenue came largely as a result of its foreign exchange trading activities, which rose 146.2% to $32 million for the quarter, according to call report figures released last week by the Office of the Comptroller of the Currency. Overall trading revenue was $187 million, an 8.7% jump from the third quarter.

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