THE
TRADETECH
THE OFFICIAL NEWSPAPER OF TRADETECH 2020
D aily
Preview
Traders adapt to life at home
W
hen news broke in early March that HSBC
was forced to evacuate part of its trading
floor in Canary Wharf after a worker tested
positive for coronavirus, it became clear that
this crisis was different. The days, even hours,
that followed would see banks, brokers and
buy-side split trading teams sending staff to
work from home or at backup sites to ensure
business continuity.
At the same time, non-essential travel bans
were enforced across the industry, exchanges
were forced to shut trading floors and shift to
electronic trading, short selling activities across
Europe were massively curbed, and doomsday
predictions of an impending global recession
had already hit headlines. It has been dramatic,
to say the least.
It goes without saying that traders have
been adapting to working and trading remotely
in the current environment. As countries
mandate employees work from home due to
the COVID-19 pandemic, traders have set up
remotely while trying to continue to perform
their roles and duties as normal.
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