Traders In The City Defend 35 Hours
2020-06-04 | by CusiGO
Between Tokyo and New York, London is at the forefront of financial globalization, hoping to streamline and save valuable time. The London Stock Exchange (LSE) is open from 8 a.m. to 4.30 p.m. and is expected to reduce its meeting time by one hour from 8 a.m. to 1.30 p.m.
The European Financial Markets Association, which is composed of the European Banking and Investment Association, believes that the London Stock Exchange should reduce its trading time by 90 minutes. It is estimated that there are only seven hours left a day, or 35 hours a week.
In a review of its response to its advisory opinion on market structure and time changes, the European Union noted that most banks and managers “do not believe that an increase in time would benefit liquidity.”. This view is not so consistent among trading companies, middlemen and private investors. ” Professionals from all walks of life predict that reducing the number of meetings will “increase trade speed and liquidity”, but not increase the number of meetings. Competing for a very competitive UK market where the profit and loss per millionth of a second is quite different.
Trade and investors, such as Norwegian sovereign funds, hold us $71.3 billion in UK equities at the end of 2019, with an estimated seven hour meeting (starting at 9:00 and ending at 16:00) It’s a good idea. Operators mainly want to open in the morning, but not in the afternoon of Wall Street. At this time, the two largest markets in the world, London and New York, have the best liquidity, quantity and opportunity.
Some of the responses to the European stock exchange negotiations call for an hour to an hour and 30 minutes of noon breaks on the stock exchanges in London and in Tokyo, Hong Kong and Shanghai. The European stock exchange has the longest meeting time, which is 8:30. Half past six in Asia, half past six in the United States However, the number and mobility of the old world is much lower than outside the Atlantic. Transaction costs are also high in Europe. The French women’s lobby and the French women’s lobby have asked for a seven hour meeting in the European square, and they are also considering changing their working hours. Coordination at the European level will benefit markets, issuers and investors.
It is entirely uncertain that a shortened stock exchange would shorten the working days of traders and hedge funds. In a highly competitive world, every minute is precious. Worried about brexit’s business losses, London’s financial centres are reluctant to reduce pressure on their traders or “relax” them. After the LSE is closed, they can negotiate shares on other electronic platforms, such as the shadow exchange.