LSEG is considering the introduction of 24-hour trading for London-listed stocks as a strategy to enhance market appeal and compete globally. Currently, trading is limited to 8am to 4.30pm. The discussions involve assessing the necessary technical infrastructure, liquidity effects, and the impact on dual-listed companies. This push for change comes in response to many firms moving to the US for better liquidity and valuations. Notably, Wise's attempt at a dual listing faced investor backlash over perceived governance opacity, while its CEO defended the transparency of their intentions.
The London Stock Exchange Group (LSEG) is exploring plans to extend or introduce 24-hour trading to compete more effectively with global exchanges.
Currently, trading hours for London-listed stocks are from 8am to 4.30pm, but LSEG is now reviewing options for round-the-clock trading.
The review comes amid growing pressure to make the UK stock market more attractive to both domestic and international investors.
Wise's proposal for a dual listing in the US has triggered a backlash from some investors, criticizing a lack of transparency in governance changes.
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