May 27, 2020

European stock exchanges want to reduce their schedule by 90 minutes, from 10 to 17 hours

The Association of Financial Markets of Europe (AFME) and the Association of Investors (IA) will ask the European exchanges for a reduction in contracting hours throughout the area, from 10 am to 5 pm, an hour and a half less than today.

AFME has asked the most relevant exchanges in Europe, including Madrid, to probe market participants about their proposal that all European equities will operate between 10 am and 5 pm, one hour later than now at the opening and half an hour before closing.

The reduction, says AFME, would create more efficient markets and concentrate liquidity, because currently the first hour of trading generally attracts little liquidity and is a more expensive time to operate, while in the last hour it moves around 35% of the daily volume

He points out that the current schedule of European stock exchanges is one of the longest in the world, with 8.5 hours, two more than in the United States and 2.5 more than in Asia.

Long working hours, concludes AFME, has an impact on the mental health and well-being of workers and is one of the obstacles to attracting and retaining talent.

. (tagsToTranslate) European (t) bags (t) want (t) to reduce (t) minutes

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