· 2024âs âyr of electionsâ, with half of the worldâs inhabitants going to the polls, anticipated to create alternatives for merchants
· Evaluation of Plus500 OTC knowledge from earlier elections exhibits that indices and foreign exchange pairs are more likely to be in focus
With 2024 being described as âthe yr of electionsâ as half of the worldâs voters go to the polls, consultants from the worldwide multi-asset fintech group Plus500 have pored by means of buying and selling knowledge from current elections to grasp how merchants may behave round this yearâs excessive stakes political elections.
With a presence throughout greater than 60 international locations and over 25 million clients registered on the Group’s platforms, Plus500 can analyse the historic buying and selling patterns of its clients and its evaluation has discovered that buying and selling volumes choose up materially on the day of and instantly after main elections.
The information exhibits that:
·In 2016, the day with the best buying and selling volumes throughout Plus500âs international buyer base was 9th November, when it was confirmed that Donald Trump had emerged victorious as president of the USA. Plus500 noticed a rise of 330% in buying and selling ranges from the day prior to this, with the Germany Dax 40 index, and Gold being essentially the most traded devices.
·Additionally in 2016, on 24th June, after the UKâs referendum to go away the EU, the Germany Dax 40 index was additionally essentially the most traded instrument. The EUR/USD pair was the second most in demand instrument.
·In 2019, 12th December, the day Boris Johnson was elected as Prime Minister of the UK, noticed the best buying and selling quantity on GBP/USD amongst Plus500âs UK shoppers throughout the entire yr.
·In 2020, 4th November, the day after Joe Biden was elected as president of the USA, essentially the most traded instrument was the Nasdaq 100.*
*Above knowledge based mostly on Plus500 OTC buying and selling platform.
David Zruia, Chief Government Officer of Plus500, commented: “In 2024, voters will head to the polls throughout not less than 64 international locations. As we’ve seen in earlier years, when excessive stakes set piece political occasions happen, buying and selling exercise picks up materially and we see massive spikes throughout the markets.
Our group investigated the information from earlier elections to grasp the behaviour of our clients round these extremely anticipated occasions within the political calendar, as a part of our ongoing dedication to develop a deeper understanding of our clients, to have the ability to present them with entry to one of the best platform and merchandise, and it was fascinating to notice how merchants are inclined to flock to commodities, indices and FX throughout these election durations.
As we go into the upcoming collection of elections globally, we’re assured that we’ve the precise tech enabled platform and a various sufficient vary of merchandise to supply our clients with one of the best buying and selling expertise, as they give the impression of being to make the most of alternatives which will come up particularly the place sudden outcomes emerge.â
About Plus500
Plus500 is a world multi-asset fintech group working proprietary technology-based buying and selling platforms. Plus500 affords clients a variety of buying and selling merchandise, together with OTC (âOver-the-Counterâ merchandise, particularly Contracts for Distinction (CFDs)), share dealing, in addition to futures and choices on futures.
The Group retains working licences and is regulated in the UK, Australia, Cyprus, Israel, New Zealand, South Africa, Singapore, the Seychelles, america, Estonia, Japan, the UAE and the Bahamas and thru its OTC product portfolio, affords greater than 2,500 completely different underlying international monetary devices, comprising equities, indices, commodities, choices, ETFs, overseas trade and cryptocurrencies. Clients of the Group can commerce its OTC merchandise in additional than 60 international locations and in 30 languages.
Plus500âs buying and selling platforms are accessible from a number of working techniques (iOS, Android and Home windows) and net browsers. Buyer care is, and has all the time been, integral to Plus500. As such, OTC clients can’t be topic to unfavourable balances. A free demo account is offered on a vast foundation for OTC buying and selling platform customers and complicated danger administration instruments are offered freed from cost to handle leveraged publicity, and cease losses to assist clients defend income, whereas limiting capital losses.
Plus500 shares have a premium itemizing on the Primary Market of the London Inventory Trade (image: PLUS) and are a constituent of the FTSE 250 index. www.plus500.com.
· 2024âs âyr of electionsâ, with half of the worldâs inhabitants going to the polls, anticipated to create alternatives for merchants
· Evaluation of Plus500 OTC knowledge from earlier elections exhibits that indices and foreign exchange pairs are more likely to be in focus
With 2024 being described as âthe yr of electionsâ as half of the worldâs voters go to the polls, consultants from the worldwide multi-asset fintech group Plus500 have pored by means of buying and selling knowledge from current elections to grasp how merchants may behave round this yearâs excessive stakes political elections.
With a presence throughout greater than 60 international locations and over 25 million clients registered on the Group’s platforms, Plus500 can analyse the historic buying and selling patterns of its clients and its evaluation has discovered that buying and selling volumes choose up materially on the day of and instantly after main elections.
The information exhibits that:
·In 2016, the day with the best buying and selling volumes throughout Plus500âs international buyer base was 9th November, when it was confirmed that Donald Trump had emerged victorious as president of the USA. Plus500 noticed a rise of 330% in buying and selling ranges from the day prior to this, with the Germany Dax 40 index, and Gold being essentially the most traded devices.
·Additionally in 2016, on 24th June, after the UKâs referendum to go away the EU, the Germany Dax 40 index was additionally essentially the most traded instrument. The EUR/USD pair was the second most in demand instrument.
·In 2019, 12th December, the day Boris Johnson was elected as Prime Minister of the UK, noticed the best buying and selling quantity on GBP/USD amongst Plus500âs UK shoppers throughout the entire yr.
·In 2020, 4th November, the day after Joe Biden was elected as president of the USA, essentially the most traded instrument was the Nasdaq 100.*
*Above knowledge based mostly on Plus500 OTC buying and selling platform.
David Zruia, Chief Government Officer of Plus500, commented: “In 2024, voters will head to the polls throughout not less than 64 international locations. As we’ve seen in earlier years, when excessive stakes set piece political occasions happen, buying and selling exercise picks up materially and we see massive spikes throughout the markets.
Our group investigated the information from earlier elections to grasp the behaviour of our clients round these extremely anticipated occasions within the political calendar, as a part of our ongoing dedication to develop a deeper understanding of our clients, to have the ability to present them with entry to one of the best platform and merchandise, and it was fascinating to notice how merchants are inclined to flock to commodities, indices and FX throughout these election durations.
As we go into the upcoming collection of elections globally, we’re assured that we’ve the precise tech enabled platform and a various sufficient vary of merchandise to supply our clients with one of the best buying and selling expertise, as they give the impression of being to make the most of alternatives which will come up particularly the place sudden outcomes emerge.â
About Plus500
Plus500 is a world multi-asset fintech group working proprietary technology-based buying and selling platforms. Plus500 affords clients a variety of buying and selling merchandise, together with OTC (âOver-the-Counterâ merchandise, particularly Contracts for Distinction (CFDs)), share dealing, in addition to futures and choices on futures.
The Group retains working licences and is regulated in the UK, Australia, Cyprus, Israel, New Zealand, South Africa, Singapore, the Seychelles, america, Estonia, Japan, the UAE and the Bahamas and thru its OTC product portfolio, affords greater than 2,500 completely different underlying international monetary devices, comprising equities, indices, commodities, choices, ETFs, overseas trade and cryptocurrencies. Clients of the Group can commerce its OTC merchandise in additional than 60 international locations and in 30 languages.
Plus500âs buying and selling platforms are accessible from a number of working techniques (iOS, Android and Home windows) and net browsers. Buyer care is, and has all the time been, integral to Plus500. As such, OTC clients can’t be topic to unfavourable balances. A free demo account is offered on a vast foundation for OTC buying and selling platform customers and complicated danger administration instruments are offered freed from cost to handle leveraged publicity, and cease losses to assist clients defend income, whereas limiting capital losses.
Plus500 shares have a premium itemizing on the Primary Market of the London Inventory Trade (image: PLUS) and are a constituent of the FTSE 250 index. www.plus500.com.
