The London Stock Exchange Group (LSEG) is exploring the possibility of introducing 24-hour trading to enhance its competitiveness. Current trading hours in London are limited to 8am to 4.30pm. Proposals for extended hours include an assessment of technology requirements and potential regulatory challenges. Other global exchanges, including the New York Stock Exchange, are also seeking to extend their trading windows. However, concerns exist regarding the complexity of trade clearing and potential difficulties for fund managers whose valuations rely on a daily closing time.
London Stock Exchange Group (LSEG) is considering 24-hour trading to enhance UK market competitiveness, evaluating technology needs, regulatory hurdles, and liquidity impacts.
The New York Stock Exchange proposed extending trading hours to 1:30am to 11:30pm, highlighting global stock exchanges' interest in longer trading periods.
Concerns exist over trade clearing complexities with extended hours, and issues could arise for fund managers who value funds daily after traditional market close.
Responses to 24-hour trading discussions show a push to retain companies in the UK market amid competition from New York's financial landscape.
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