LONDON: London Stock Exchange Group is weighing whether to launch 24-hour trading and is looking into the practicalities of increasing its trading hours, the Financial Times reported on Sunday citing people familiar with the situation.
LSEG is “absolutely looking at it, whether it means 24-hour trading or extended trading”, one of the people told the newspaper, adding that the exchange group was “having important commercial, policy and regulatory discussions” about the “ongoing topic”.
The exploration is part of wide-ranging discussions into potential new products and services, another person told the FT.
The group is considering aspects of extended trading hours, including technology upgrades, regulatory questions, possible effects on companies with dual listings and the potential impact on liquidity, currently concentrated at the open and closing auction of the trading day, the report added.
LSEG had no comment.
In March, Nasdaq announced plans to introduce 24-hour trading on its flagship US exchange and joined rival exchanges like Cboe Global Markets and Intercontinental Exchange, the operator of the New York Stock Exchange, in planning extended trading hours.
Comments
Comments are closed for this article.