Donald Trump’s election victory last month ignited a trading frenzy at brokerage houses and Wall Street banks as expectations for sweeping policy changes added fuel to a US stock rally.
Trading volumes in US equities jumped 38 per cent in November from the same month in 2023, reaching levels not seen since the meme stock craze of early 2021 and this month are still running above their average for the year, according to exchanges operator Cboe Global Markets.
The jolt of trading activity swept through brokerages preferred by retail clients, such as Interactive Brokers and Robinhood, as well as institutional powerhouses including JPMorgan Chase and Citigroup. It comes as expectations that Trump will take a more business friendly approach sent investors pouring into US stocks after the November 5 election.