Traders prepare to put in 24 hour shifts

Minutes To Midnight

Little time for food breaks.

Bloomberg News reports that the UK election campaign has left voters divided on their next government.

That means an all-nighter for John Wraith, UBS’s head of U.K. rates strategy, and many colleagues in London’s financial world.

'I’m going to come to the office after lunch and put in a 24-hour shift', said Wraith, who expects to be glued to his screens starting at about 10 p.m., with little time for a food break until mid-morning Friday. 'I’ve decided I’d rather be here the whole way through as the polls close and the results start to filter through'.

'I’ll be in from shortly before 10 p.m. for the exit poll and then through the night', Ross Walker, an economist at Royal Bank of Scotland in London, said on Wednesday. 'Several colleagues from research and trading desks will also be in overnight. One of my tasks for later today will be to work out what takeaway outlets in the vicinity will be open at 4 a.m'.

Hit the link below to access the complete Bloomberg News article:

London Traders Brace for Marathon in Election All-Nighter

Bond Dealers Face Brain Drain in London as Analysts Go to Funds

 

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