Traders and brokers across the City of London are bracing themselves for an all-night vigil as the votes are counted in the Brexit referendum.
Senior staff and traders at banks including Citigroup, JPMorgan, Goldman Sachs and Morgan Stanley have been asked to stay overnight in the office while others are working in shifts between the UK market close on Thursday and its reopening on Friday morning.
JPMorgan has booked hotel rooms for its clients in Canary Wharf while Citigroup has organised taxis to make sure key sales and trading employees arrive at the offices before 4am on Friday morning.
The night shift at the banks is mainly being worked by traders in foreign exchange and interest rates markets and senior management.
Online brokers and trading platforms that service retail clients are expecting a flurry of trading activity and firms such as IG Group are CMC Markets are…
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