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
Compared to four years ago when the divide between boutique and large licensees were largely equal, adviser movements have seen this trend shift in light of new licensees commencing.
As ongoing market uncertainty sees advisers look beyond traditional equity exposure, Fidante has found adviser interest in small caps and emerging markets for portfolio returns has almost doubled since April.
CoreData has shared the top areas of demand for cryptocurrency advice but finds investors are seeking advisers who actively invest in the asset themselves.
With regulators ‘raising the bar’ on retirement planning, Lonsec Research and Ratings has urged advisers to place greater focus on sequencing and longevity risk as they navigate clients through the shifting landscape.
