On Monday, trading floors were dead. Only $4.65 billion worth of Australian equities changed hands, which would be a bad day in January let alone May when business is supposed to be in full swing.
Go to the trading floor and you pretty quickly get a good sense of activity in the bank as a whole, and the wider market.
With these sorts of equities volumes, it is no wonder investment banking bosses are worried about the next six months. If the beating heart is quiet, it is generally not a good sign for the rest of the bank’s operations.
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