A much improved first quarter for fixed income, currencies and commodities units within the largest investment banks has resulted in JP Morgan pulling ahead of its rivals at the top of the FICC league table, according to new research.

JP Morgan was first in the table, with Goldman Sachs, Deutsche Bank and Citigroup tied in second place for FICC performance in the first quarter of the year, according to analytics firm Coalition. JP Morgan jointly held the top spot alongside Deutsche Bank and Citi in the first quarter of 2014.