Wall Street Increases Staffing Amid Election Uncertainty
Financial firms prepare for potential market volatility as the U.S. presidential election approaches.
- Major banks, brokerages, and exchanges are boosting staff to manage expected high trading volumes around Election Day.
- Polls show a close race between Kamala Harris and Donald Trump, increasing the likelihood of market instability.
- There is concern over a contested election, with Trump indicating he may not accept the results if he loses.
- Firms are conducting systems tests and adjusting schedules to ensure readiness for potential surges in trading activity.
- Past events like Brexit and the 2016 U.S. election have shown the impact of political events on market volatility.