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This Is What Happens To Trading Volumes During World Cup Games
For a few weeks, every four years, traders around the world are glued to a different set of screens... According to an old ECB working paper from 2012, "The Pitch Rather Than The Pit: Investor Inattention During FIFA World Cup Matches,'' Michael Ehrmann and David-Jan Jansen tracked trading data from 15 stock exchanges during the 2010 South Africa World Cup. As Bloomberg's Sebastian Boyd notes, the number of trades fell by 45% when a national team was playing and volume fell 55%. Not only that, but events during the match influence trading volumes, which drop by a further 5% after a goal. National stock markets also ... (full story)