Traders call time on long hours following consultation January 30, 2020 Traders have today called for market trading hours to be reduced by 90 minutes to seven hours. The Association for Financial Markets in Europe (AFME) and the Investment Association (IA) have responded to the London Stock Exchange’s consultation on the issue. They are campaigning for a reduction in hours to either 9am-4pm or 9.30am-4.30pm. AFME [...]
Euronext follows London with consultation on shorter trading hours February 6, 2020 Euronext has joined other stock exchanges in launching a consultation into market trading hours. The Pan-European stock exchange said: “In each of our six markets, we will not only consult our direct members, but also upstream buy side and retail associations and the operators of post trade processes, clearing and settlement”. Commenting on the announcement, [...]
London Stock Exchange launches consultation on shorter trading hours December 10, 2019 The London Stock Exchange (LSE) has launched a consultation on shortening its trading hours following calls by industry bodies who said such a change would improve workplace culture and liquidity. The stock exchange has asked its members – mainly banks and brokers – for its views on a series of options for shortening the current [...]
The City View: ‘Cowardly business chiefs must speak up against the lockdown’ – Luke Johnson June 3, 2020 In this episode Christian is joined by entrepreneur and investor Luke Johnson, a high-profile critic of the government’s lockdown policy. Subscribe to The City View Podcast: Apple / Google / Spotify / RSS Johnson says that many business leaders agree with his position in private, but are too afraid to voice their own concerns publicly. He says the lockdown is “dystopian” – [...]
IG’s June Felix: Shorter trading hours would make London ‘less competitive’ February 23, 2020 The head of one of Britain’s largest trading platforms has become one of the most senior industry figures to speak out against proposals to cut trading hours in London, saying it would not be “helpful” for the City and could make it “less competitive globally”. June Felix, whose company IG Group offers 24-hour trading to [...]
New Bank governor seems open to battle of ideas March 5, 2020 Andrew Bailey will take the governor’s seat at the Bank of England later this month amid a global health emergency that threatens to undermine the world economy and shape the Bank’s course of action for many months to come. So pressing is the issue that Bailey has effectively started work early, telling the Treasury Select [...]
DEBATE: Should the London Stock Exchange cut its hours to improve work-life balance for traders? November 8, 2019 Should the London Stock Exchange cut its hours to improve work-life balance for traders? Galina Dimitrova, director of investment and capital markets at the Investment Association, says YES. Trading hours in the UK are 8am to 4:30pm GMT — some of the longest in the world. That doesn’t sound like a long day, but traders [...]
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Changing times: Market leaders and investor groups call for shorter working day on trading floors November 7, 2019 The daily bustle on Europe’s high-octane trading floors should be cut short by more than an hour in a bid to improve mental health and diversity, two of the financial industry’s most influential bodies have urged this morning. The London Stock Exchange (LSE) has said it will begin a formal consultation looking at working hours [...]
Private equity firms eye listed companies as economy starts to reopen July 11, 2020 The coronavirus pandemic has left a number of UK-listed companies scrambling for cash, with private equity firms tempted to swoop as the crisis develops. PE firms are eyeing opportunities as they move to deploy more of their dry powder into public entities as the economy starts to reopen in the wake of the coronavirus crisis. [...]