Andreas König’s crisis playbook meets Covid-19

For traders and investors, financial stress has a soundtrack: tense phone calls, blaring squawkboxes, shouted requests for information, and the running background chatter of broadcast journalists.

So, as financial markets buckled in March under the pressure of the spreading coronavirus, the thing that was most new to Andreas König was the silence.

“The process of producing a trade idea, putting the order in and executing it has not changed at all, but the communication has, necessarily,” he