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
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