Published: 7th November 2019
Stock traders have called for a shortening of opening hours at their markets from 8am until 4.30pm to 9am until 4pm.
The Association for Financial Markets in Europe (AFME) has insisted that it wants to see the London Stock Exchange, along with trading venues in other parts of Europe, adjust their opening hours in the interest of efficiency and diversity within the investment management and banking industries.
The London Stock Exchange has said that it will launch a consultation in response to the idea.
According to the AFME, a 90-minute reduction in the opening hours of markets in Europe would make them more efficient, partly because relatively little trading happens on those markets in the first hour after they open, while the final hour of each day typically attracts “around 35 per cent of total daily volume”.
The view of the association is that shortening the opening hours of major stock markets will also help to improve the mental health and wellbeing of people who work within the associated institutions.