Brexit’s Market Playbook Dusted Off for Shock Trump Victory
- Early drop in S&P 500 futures triggered trading limit
- Broker Convergex boosted trading staff overnight to cope
Global Market Reaction to Trump's U.S. Victory
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Donald Trump’s shock election victory tested trading limits at brokers and trading platforms in Europe, a scenario that was familiar to those stunned by turbulence caused by the U.K.’s Brexit vote in June.
In both cases, the surprise result jolted financial markets that at one point Wednesday saw equity volume that was triple its typical level, while curbs on S&P 500 Index futures prevented a decline of more than 5 percent. Still, there have been fewer stock-trading interruptions in Europe than after the Brexit vote.