Jun 23 2016, 01:25 PM
but thousands of others will be having a big big night/day, particularly the fx traders:
QUOTE
About $140 billion in cash is waiting to be invested, according to Barclays, and investors’ holdings of cash are the highest since 2001, according to a Bank of America survey.
"Much of the frantic last-minute activity will take place in the hour or two before the early results emerge, meaning that U.K. bank staff will work closely with their counterparts in Asia -– the open market at the time -– to roll or adjust whatever hedge needs to be maintained," said Javier Paz, a senior analyst at Boston-based consulting firm Aite Group.
http://www.bloomberg.com/news/articles/201...n-brexit-result
"Much of the frantic last-minute activity will take place in the hour or two before the early results emerge, meaning that U.K. bank staff will work closely with their counterparts in Asia -– the open market at the time -– to roll or adjust whatever hedge needs to be maintained," said Javier Paz, a senior analyst at Boston-based consulting firm Aite Group.
http://www.bloomberg.com/news/articles/201...n-brexit-result
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