Two industry bodies want to change things for the better by calling for a cut in trading hours for stocks.
are arguing that shaving off 90 mins of trading time at the London Stock Exchange will make the industry more inclusive, boost mental health and improve gender balance in the traditionally male-dominated sector.Equities markets are open between 8:00am - 4:30pm, meaning most traders start as early as 06:30am and rarely finish before 5:30pm. That makes up to 60 hours per week, which understandably makes it impossible for many people with family commitments to have a long career.
In the past decade, the City’s culture has transformed, ‘laddish’ beer-fueled late nights are out and , more women are climbing the ranks. While the move could be positive the work-life balance of equities traders, it would have little impact on desks trading other products like bonds, which change hands day and night all week until New York closes on Fridays.Even if the impact is minimal, this move to shorter hours pushes the financial sector in the right direction.
If the change happens, its hoped other exchanges across Europe will follow suit, making the shorter hours uniform across the continent.
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