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 [...]
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 [...]
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, [...]
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 [...]
Inside ‘co-living’: the flats where millennials trade living space for free craft workshops and yoga December 12, 2019 My alarm goes off at 6.30am, which means it’s time for yoga. As I wipe the sleep from my eyes, I glance around the unfamiliar apartment I’ve just spent the night in, which doesn’t take long because it’s barely bigger than a walk-in wardrobe. I get dressed and stumble out the door, traipsing down the [...]
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 [...]
Who’s buying UK shares and what does it tell us? November 29, 2019 High demand for UK-quoted companies from large and experienced buyers suggests other investors may be overlooking an opportunity. Will a UK general election on 12 December help break the Brexit stalemate? Possibly, possibly not. The ongoing uncertainty means investors of almost every stripe remain cautious about buying UK equities (shares). I stress ‘almost’ because some [...]
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 [...]
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 [...]
Finance bodies start talks to cut stock market trading hours August 19, 2019 Banking and investment groups are working on proposals that could see stock market trading hours shortened across Europe. The Investment Association (IA), which represents the UK’s asset management industry, and the Association for Financial Markets in Europe (AFME), a banking lobby group, are planning to consult their members on plans to cut European trading hours, [...]