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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.
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