London Stock Exchange could launch 24-hour trading to cater to smartphone investors
LSEG is 'absolutely looking at it, whether it means 24-hour trading or extended trading,' a source familiar with the situation told the Financial Times.
The exchange is reportedly discussing the necessary technology and regulatory requirements of extending trading.
It comes as more small investors access markets via their smartphones outside of the traditional trading hours.
While London could become the first exchange in Europe to launch a 24-hour service, it is unclear whether there is sufficient demand for UK stocks, with concerns that liquidity could be impacted by 24-hour trading.
Most institutional investors are likely to favour regular hours to avoid the lower liquidity and higher volatility often seen in extended trading hours.
Much of the UK's trading activity takes place between 2:30pm and 4:30pm, after the US market opens.
This is Money has contacted LSEG for comment. The exchange declined to provide a comment to the Financial Times.
London would follow a number of US-based exchanges who have recently applied to the US Securities and Exchange Commission to extend their trading hours, with the New York Stock Exchange, Nasdaq and Cboe Global Markets all having done so.
The New York Stock exchange currently offers extended trading hours, allowing investors to trade both pre-market and in after-hours. The vast majority of trading still takes place during normal trading hours.
Meanwhile, back in 2024, the Securities and Exchange Commission approved plans in-principle for a new 24-hour exchange, 24X, to continue its plans to launch an around-the-clock bourse.
Full approval is dependent on the SEC being satisfied all conditions have been met.
The parent of the UK's principal exchange has expanded well beyond its original business.
The London Stock Exchange now makes up just four per cent of LSEG's business, as of 2023.
The firm has grown into a financial data giant, having acquired Refinitiv in 2019.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Times
19 minutes ago
- Times
Aston Martin warns ‘disruptive' Trump tariffs puts brakes on profit
The luxury carmaker Aston Martin Lagonda has become the latest to warn on the impact of higher tariffs from the Trump administration. The London-listed firm has joined Stellantis, Porsche and Mercedes in warning investors over higher import costs as it faced 'evolving and disruptive' trade policy changes from the US. The group previously stated that it was expecting profit growth this year but said it is now forecasting that underlying earnings will 'improve towards breakeven'. Shares in Aston Martin were down 2¾p or 3.5 per cent to 76p. Aston Martin's Valhalla design ASTON MARTIN Aston Martin reported a 25 per cent decline in revenue for the first half of the year, down from £603 million to £454.4million, and the company's operating loss widened from £106.1 million to £134.7 million. The volume of cars sold dropped by 4 per cent to 1,922.
The Herald Scotland
26 minutes ago
- The Herald Scotland
Nicola Sturgeon called 'terrible First Minister' by Donald Trump
During his stay, he had a two-hour dinner on Monday with current First Minister John Swinney, alongside Prime Minister Sir Keir Starmer. Mr Swinney, who also met Mr Trump on Tuesday morning, said he had used the talks to push the president to exempt Scotch whisky from US tariffs. Read More: Speaking to reporters on his flight home, the president was asked if he offered to drop the levy on Scotland's national drink. He replied: 'No. We really didn't discuss it much. But I have a lot of respect for him [Mr Swinney].' Journalists began asking questions again before Mr Trump interjected: 'I didn't have a lot of respect for the woman that preceded him – I thought she was terrible as a First Minister of Scotland. 'But I think John is doing a very good job of First Minister.' A source close to Ms Sturgeon responded: 'Trump's lack of respect for women is hardly news. 'That said, the feeling was entirely mutual.' Ms Sturgeon added on her Instagram account: 'Feeling was mutual, Donnie. 'Forever proud to represent all the things that offend your view of the world.' Mr Trump criticised Ms Sturgeon, who became First Minister in 2014, during her resignation in 2023. He described her as a 'failed woke extremist' and a 'crazed leftist' who 'symbolises everything wrong with identity politics'. When he was first elected as president in 2016, Ms Sturgeon described Mr Trump's behaviour and rhetoric as 'abhorrent'. Mr Trump left Scotland on Tuesday after visiting his golf courses in Turnberry, South Ayrshire, and Menie in Aberdeenshire. During his stay he struck a trade agreement, described by him as 'the biggest in history', with the EU, and held a meeting with Sir Keir to improve the UK-US trade deal. Mr Swinney said following his talks with the US leader that Mr Trump had shown a 'willingness' to move on Scotch tariffs, which currently sit at 10%. During Mr Trump's speech to open a new golf course at Menie on Tuesday morning, he asked the First Minister to stand to thank him. He said: 'John Swinney is a terrific guy – and loves golf and loves the people of this country, and we really appreciate it. 'You're really a very special guy. Thank-you very much for everything, John.'
The Independent
30 minutes ago
- The Independent
Team breaking scams ‘spell' stops £3.5m going to criminals in first half of 2025
A fraud prevention team set up to 'break the spell' on victims has stopped £3.5 million of funds getting into the hands of criminals in the first six months of this year. Santander UK's specialist Break the Spell team intervenes in situations where it is suspected that customers are being tricked and manipulated by scammers such as romance and payments fraudsters. Victims of crimes such as romance fraud can end up being highly manipulated by a complex web of stories. They may also be discouraged by criminals from speaking to anyone or encouraged to lie if their loved ones or their bank ask them what is happening. Santander's specially-trained team, which uses behavioural psychology, encourages people to open up and supports them, for example by signposting them to further sources of support such as Citizens Advice and the Samaritans, depending on the circumstances. Cases may be referred to it when there are 'red flags' with payments that people are attempting to make. Referrals may also be made from branches. Michelle Pilsworth, head of fraud and customer experience, said the crime dealt with by the team 'is a particularly horrible and cruel crime'. She told the PA news agency that the team supports people who have been tricked into sending money to people they believe they are in a relationship with, as well as people who have been tricked into believing they are helping organisations such as the police or HM Revenue and Customs. Ms Pilsworth said: 'The reason it's complex is the level of social engineering… a quick call is not going to 'break the spell'.' She continued: 'We have to work a long time with them to try and help them see that that is a spell that they're under.' Ms Pilsworth said the team was set up to help understand what fraud victims are going through and to 'work with them'. In some cases, victims may be starting to have their own doubts about a fraud following an initial call from the bank, by the time they are contacted by the Break the Spell team. 'Quite often they will say by that point: 'Yes, it doesn't sound right, I've had time to think',' Ms Pilsworth said. 'At that point we will break the spell and we will educate them and stop the payment, protect the funds, all that good stuff.' But for some people, further intervention may be needed, she said, which could be via calls or branch visits. Staff work to build trust with the customer over time. As the customer explains to staff what they have been told, seeds of doubt in the customer's mind may then start to emerge, for example if they recall that they were expecting to meet the romance scammer but they did not turn up. Ms Pilsworth said: 'We get them to realise what's happening to them. And then, it's all about support, how do we support that person.' Scammers will often try to regain their victim's trust, and so for some people, changing their phone number is a way to stop contact. Some scammers may even pretend that they can help victims recoup funds they have already lost. 'Many colleagues keep customers for days, weeks, sometimes months, because it's a long process,' said Ms Pilsworth. Sometimes people may feel embarrassed or angry, but Ms Pilsworth said: 'We say: 'Look, this can happen to anybody, from the work we've done we can see this happens to anyone'.'
