Global financial services firm JPMorgan Chase & Co. has pared its commodities trading risk in the third quarter, Reuters reports. It has decreased its average value at risk (VaR) in commodities to $15 million in the third quarter from $16 million in the previous quarter. Relative to the third quarter of the previous year, it is still $2 million more.

Overall, J.P. Morgan’s VaR in the third quarter averaged $53 million, compared to $58 million in the second quarter. The firm, with $2 trillion in assets, has seen quarterly revenue in its fixed-income markets business shrink 22 percent.

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