imagination, Americans toil endlessly in the office while their European counterparts arrive late, lunch at leisure and depart punctually. If that were ever true equity traders were never let in on the scheme. Opening hours on stockmarkets in Europe are some of the longest in the world, keeping financiers at their Bloomberg terminals far longer than those following American or Asian bourses. Despite that, a proposal to cut back trading hours is making little headway.
Late last year trade groups representing investors that buy shares and bankers that sell them had together suggested to operators of European stockmarkets that the working day be shortened. Opening an hour later and closing half an hour earlier, say, would concentrate buying and selling in a shorter window. Far from cutting traded volumes, they argued, the smaller and more liquid trading window might even entice more activity.
By and large, though, the stock exchanges are not keen. In recent weeks they have either rejected the idea outright or kicked it into the long grass. They argue that retail investors would find it harder to place their orders outside their own working hours. The overlap with Asia, though minimal, gives Europe special status in the financial world, even as the old continent’s markets are dwindling in relative importance.
Obviously
Makes very little sense to cut trading times. If anything they should be increased. Access for regular people is more important than letting professional investors avoid shift changes..
weekend ,,,looks ‘like..
Possibly on a stable terrain....
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Source: Reuters - 🏆 2. / 97 Read more »