Stock trading surge helps Wall Street navigate dealmaking trough
Volatility is keeping market-making desks active at a time when mergers and issuance have slowed
Volatility is keeping market-making desks active at a time when mergers and issuance have slowed

Global transactions of $10bn or more hit 63 as Trump deregulation and fading trade war risks spur M&A blitz

Corporates try to take advantage of market rebounds rather than risk further turbulence or US midterm elections

Stock market resilience simply reflects the fact that new share issuance remains very subdued

Trend puts pressure on brokerages and investment banks

America has quietly become one of the world’s most shock‑resistant economies

Information overload may be contributing to the S&P 500’s resilience