The European Stock Exchanges Association announced that reducing trading hours will not be in the interest of investors or stock markets.
According to Reuters, the union said reducing the number of hours would be a step in the wrong direction. The current European trading session extends from nine in the morning to five in the evening European continent time, which is a longer period than in Asia and the United States.
This means that the period of trading of shares in Europe includes the closing of Asian markets and the opening of the American Stock Exchange, and reducing the length of the session may put Europe in a weaker competitive position vis-a-vis the sites. Trading competition in other regions of the world.
Earlier this year, the London Stock Exchange, which is not a member of the Union, held public consultations and concluded with widespread support to curtail the 90-minute trading session to improve mental safety and help with Attracting more women to the trading floor.
But the London Stock Exchange says that without a coordinated approach that includes all parts of Europe, achieving the goals of reducing the number of hours will be more difficult since the banks have pan-European trading offices. p>
The London Stock Exchange declined to comment on the union statement.
