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Banks and fund managers step up drive to cut Europe’s trading hours

London Stock Exchange will formally consult its members on the proposal to shave 90 minutes off Europe’s long trading day

Afme and the IA say their proposal would lead to better working hours for traders
Afme and the IA say their proposal would lead to better working hours for traders Photo: Alex Kraus/Getty Images

Banks and asset managers have doubled down on a campaign to pressure European stock exchanges into cutting their trading hours, a move they say will improve market liquidity and lead to a more family-friendly workday for traders.

The proposals, first revealed by Financial News over the summer, could result in big changes on trading floors across the City of London and Europe. But there could be opposition from those who think shorter trading hours would undermine London’s connecting role between Asia and the US.

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