As market volatility decreases, this year, the CSI Commodity Equity Index trading business of the major Global investment banks may face its worst year since the outbreak of the pandemic.

Data compiled by Coalition Greenwich predicts that over 250 companies, including Goldman Sachs, Citigroup, and JPMorgan, will have a total net revenue of 10.6 billion USD this year, a decrease of nearly one-fifth from last year's total revenue.

Angad Chhatwal, Global Macro Market Head at Coalition Greenwich, stated, "The trading frenzy is fading, and revenues will decline by another 3% in 2025."

Representatives from Citigroup, Goldman Sachs, Morgan Stanley, and JPMorgan declined to comment on the prospects for the decline in the Commodity business.

According to a source who was not authorized to speak publicly, Citigroup's North American Commodity Services department has added six new members in the past 12 months, and Citigroup remains committed to developing this business.