Skip to content
Subscriber Only

Beach-Vacation Trading Shows Russia Crisis Aiding Brokers

It was a vacation that Russian stock broker Alexander Antipov said he dreamt about for two decades: a tropical getaway from the harsh Moscow winter to the white-sand beaches of Acapulco, Mexico.

Yet as Antipov, the head of sales at Moscow-based Veles Capital LLC, settled into the Park Royal hotel with his family last month, his mobile phone kept ringing. Clients were unnerved by President Vladimir Putin’s push into Ukraine and wanted to know if they should sell as stocks sank. Antipov fell into an odd schedule -- trading by night from the hotel balcony to avoid waking his kids as markets opened about 7,000 miles away in Moscow and napping during the day.