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Women are better financial traders, study says

Alexander Mann Solutions and the Trading Hub came together to compile a study that examines the t...
Newstalk
Newstalk

18.06 9 Feb 2015


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Women are better financial tra...

Women are better financial traders, study says

Newstalk
Newstalk

18.06 9 Feb 2015


Share this article


Alexander Mann Solutions and the Trading Hub came together to compile a study that examines the trading practices of men and women - they found that women are much savvier when playing the market.

Men took 30 percent more risks than women - over a period of time this more cautious approach to trading resulted in women losing 34 percent less money than their male counterparts.

The study also found that male traders are 250 percent more likely to break trading rules. These rules included booking late trades and exceeding risk limits.

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Men also place more trades - for every 94 trades placed by male traders, females only placed 69. This means that the brokerage costs incurred by female traders were far lower. Women are more efficient traders - and make more money.

The study goes as far as to ask if scandals like the collapse of Lehman Brothers would have happened if there were more female traders - it suggests the these findings argue that "women, are possibly better predisposed for the role."

These figures are sure to make interesting for recruiters - the sample group was 350 entry-level graduates.

Jo-Ann Feely from Alexander Mann Solutions discussed the results with Newstalk's Breakfast Business.


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