Wall Street’s trading desks are having a great year. The election could keep that going.
Published On Oct 24, 2024, 4:00 AM
Wall Street's trading desks are experiencing strong performance thanks to increased trading volume, especially anticipated around the 2024 presidential election. Major banks like JPMorgan Chase, Goldman Sachs, and Citigroup reported record trading revenues through the first three quarters of 2024, with expectations that the election will spark further trading activity. The market is viewing the post-election environment as highly volatile, which generally benefits trading desks focused on short-term positions. Hedge fund managers are already positioning themselves for potential market changes, particularly if Republican Donald Trump is elected.