Brokers MIA when home team plays in World Cup
Your broker may be missing in action when their home-team is playing in the World Cup, new analysis from Lonsec Research shows.
Despite most World Cup matches scheduled during European evenings and weekends, the afternoon games have interfered with the period leading up to the market’s close.
This critical time, Lonsec says, is when a very high proportion of trades are cleared.
Lonsec said the French national team played two matches corresponding with the final 90 minutes of Paris trading, which ended up being the second and third-lowest volume periods.
The chart provided by Lonsec shows the volume in the final 90 minutes of trade on June 26, when France played Denmark, was around 36 million, compared to an average volume of 45 million for that period.
AUTHOR
Anastasia Santoreneos
Recommended for you
Despite the year almost at an end, advisers have been considerably active in licensee switching this week while the profession has reported a slight uptick in numbers.
AMP has agreed in principle to settle an advice and insurance class action that commenced in 2020 related to historic commission payment activity.
BT has kicked off its second annual Career Pathways Program in partnership with Striver, almost doubling its intake from the inaugural program last year.
Kaplan has launched a six-week intensive program to start in January, targeting advisers who are unlikely to meet the education deadline but intend to return to the profession once they do.
