‘There are simply fewer traders available than before the virus started’
Business continuity plans sometimes present unfamiliar offices and equipment, which carry stresses that only add to what traders see on their monitors
17 March 2020 - 16:11
London — At a time of extraordinary swings on world markets, many traders working in out-of-town offices or in unfamiliar dealing rooms fear that communication problems and technical glitches risk adding to already spiralling volatility.
Banks’ contingency plans to safeguard markets and employees through the coronavirus pandemic could, over time, transform the trading and investment world, with more staff working from home or in smaller centres rather than being concentrated in expensive locations such as London's Canary Wharf or Manhattan in New York...
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