Latest news with #LondonStockExchange
Irish Post
3 hours ago
- Business
- Irish Post
Dublin Stock Exchange considering extended trading hours
EURONEXT Dublin has said it does not see an immediate need to extend its trading hours, but is paying attention to growing international momentum toward longer or near-24-hour trading windows. The exchange, which operates from 8am to 4:30pm, is maintaining its current schedule while continuing to consult with market participants on the issue. 'Euronext is continuously engaging with its clients on the extension of trading hours, and no clear consensus is yet emerging,' the company said. 'Some participants are more in favour of shortening the number of trading hours.' The London Stock Exchange, which shares the same operating hours as Dublin, is considering 24-hour trading, according to a report in the Financial Times. In the United States, major exchanges are actively pushing for longer hours. The New York Stock Exchange has proposed extending trading on its NYSE Arca platform to 22 hours a day. Nasdaq and the Cboe options exchange are also planning to expand their trading windows, and the Securities and Exchange Commission has given preliminary approval for the launch of a new venue, the 24X National Exchange, that would trade almost continuously. Euronext Dublin, previously the Irish Stock Exchange, was acquired by the pan-European operator Euronext in 2018. It now forms part of a group that also includes exchanges in Amsterdam, Brussels, Lisbon, Milan, Oslo, and Paris. The Dublin market is used by over 4,000 issuers from more than 85 countries and lists over 35,000 securities. It plays a significant role in the Irish economy, with a 2014 study by Indecon estimating that the domestic securities industry supported 2,100 jobs and contributed €207 million annually in direct economic impact, including €230 million in direct tax revenue. While Euronext has not made changes to its main equity trading window, it does already provide extended hours in some market segments. For example, warrants and certificates can be traded until 10pm Central European Time (CET), and after-hours equity trading is available until 8:30pm CET. CET is two hours ahead of Irish time. The company added, 'Given that there is no consensus among industry participants on buy-side, sell-side and industry associations, Euronext doesn't see an immediate need to take action to review its overall trading hours.' Euronext has also been advocating for changes to post-trade infrastructure as part of a wider industry move toward T+1 settlement, where trades settle one day after execution rather than the standard two. This would bring European markets closer to the direction being taken by the US. The push for longer trading hours globally is partly driven by increased retail investor activity via mobile platforms like Robinhood, Charles Schwab and Webull, as well as by the 24/7 nature of cryptocurrency markets. According to Nasdaq's head of marketplace technology, Magnus Haglind, demand for extended trading is currently concentrated in US markets, but 'we see across our global client base that it's an emerging trend that is likely to spread across other markets.' However, some market participants have raised concerns about the implications of near-continuous trading. One risk is that large institutional investors could act on information during extended hours, leaving smaller shareholders exposed to sudden price movements while markets are less liquid and many investors are offline. Euronext Dublin remains open to adjusting its hours in the future but has made clear that any decision would be client-driven.
South China Morning Post
15 hours ago
- Business
- South China Morning Post
What Hong Kong should do to prepare for a market that never sleeps
Longer trading hours may become a global trend as more market operators embrace the idea in the coming months, as the London and Hong Kong exchanges attempt to gain first-mover advantage. The London Stock Exchange Group is reported to be studying the merits of 24-hour trading, while Hong Kong Exchanges and Clearing (HKEX) is preparing a new trading system that can support round-the-clock trading in financial derivatives. The cryptocurrency market has achieved that. Here is some background and likely steps for Hong Kong to become a financial market that never sleeps. Are there any stock markets that trade 24 hours a day? No. The Frankfurt Stock Exchange is open for trading for 14 hours from 8am to 10pm. CBOE Global Markets, the world's biggest options trading market, operates 24 hours a day, five days a week. Hong Kong's stock market runs for 5½ hours per day, while investors can trade derivatives for 15½ hours. What needs to be done to get there?
Business Insider
a day ago
- Business
- Business Insider
Morgan Stanley Sticks to Its Buy Rating for London Stock Exchange (LSEG)
In a report released today, Bruce Hamilton from Morgan Stanley maintained a Buy rating on London Stock Exchange, with a price target of £126.00. The company's shares closed last Friday at p10,830.00. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Hamilton covers the Financial sector, focusing on stocks such as Euronext NV, Deutsche Boerse, and DWS Group GmbH & Co KGaA. According to TipRanks, Hamilton has an average return of 9.8% and a 66.47% success rate on recommended stocks. London Stock Exchange has an analyst consensus of Strong Buy, with a price target consensus of p13,075.00, implying a 20.73% upside from current levels. In a report released on July 16, J.P. Morgan also maintained a Buy rating on the stock with a £127.00 price target.
New York Post
2 days ago
- Business
- New York Post
London Stock Exchange parent exploring 24-hour trading launch, FT reports
The London Stock Exchange Group is weighing whether to launch 24-hour trading and is looking into the practicalities of increasing its trading hours, the Financial Times reported on Sunday, citing people familiar with the situation. LSEG is 'absolutely looking at it, whether it means 24-hour trading or extended trading,' one of the people told the newspaper, adding that the exchange group was 'having important commercial, policy and regulatory discussions' about the 'ongoing topic.' The exploration is part of wide-ranging discussions into potential new products and services, another person told the FT. The London Stock Exchange's parent company has struggled to attract new listings, prompting reforms last year to make it more competitive with New York and the European Union after Brexit. REUTERS LSEG had no comment. The group is considering aspects of extended trading hours, including technology upgrades, regulatory questions, possible effects on companies with dual listings and the potential impact on liquidity, currently concentrated at the open and closing auction of the trading day, the report added. In March, Nasdaq announced plans to introduce 24-hour trading on its flagship U.S. exchange and joined rival exchanges like Cboe Global Markets and Intercontinental Exchange, the operator of the New York Stock Exchange, in planning extended trading hours. LSEG, which runs the London Stock Exchange and provides data and analytics to banks and other institutions, reported stronger than expected first-quarter income in May, driven by robust growth in its markets division, and a strong performance across its other businesses. The exploration is part of wide-ranging discussions into potential new products and services, another person told the FT. Getty Images London has struggled to attract new listings, prompting reforms last year to make it more competitive with New York and the European Union after Brexit and some have moved their primary listing to New York or picked Europe for IPOs. Shein is working toward a listing in Hong Kong after its proposed London IPO stalled while Unilever chose Amsterdam as the primary listing for its ice cream business Ben & Jerry's in February.
Kuwait Times
3 days ago
- Business
- Kuwait Times
NBK marks milestone with $800 million Additional Tier 1 bond listing on LSE
The largest issuance within the bank's Tier 1 Additional capital instruments KUWAIT: National Bank of Kuwait (NBK) celebrated the listing of its $800 million Additional Tier 1 bond on the London Stock Exchange. This milestone highlights the Bank's strong and growing presence in global capital markets and reaffirms NBK's expansive global footprint, with a branch network spanning four continents across 13 countries. Among its key international markets, London holds strategic importance through National Bank of Kuwait (International) PLC (NBK- London), which delivers a full spectrum of banking products and services to its clientele. The listing ceremony took place at the London Stock Exchange — one of the world's leading financial marketplaces — with the participation of senior executives from NBK and NBKI (NBK-London). Leading the occasion were Zaid Al-Sager, Deputy CEO – International Banking Group at NBK; Meshari Bin Salamah, EVP - Global Head of Corporate Banking and Commercial Real Estate and Bassem Boustany, Managing Director of National Bank of Kuwait, London (NBK International) and Abdul Amir Fadel EVP - Global Head of Consumer Banking – IBG. The event underscores the bank's strategic commitment to diversifying its funding base and reinforcing its footprint across international capital markets. The listing of the bonds on the London Stock Exchange reinforces NBK's ongoing commitment to deepening its long-standing relationships with leading global exchanges. It also reflects the growing confidence in the Bank's robust credit profile, as demonstrated by the consistently strong demand for its debt issuances across international markets. LONDON: During the celebration of National Bank of Kuwait (NBK)'s listing of its $800 million Additional Tier 1 bond on the London Stock Exchange. The successful issuance and listing of the bonds on the London Stock Exchange underscores NBK's leadership in the regional banking landscape and reflects its strategic vision for global expansion. It is a testament to the Bank's long-standing legacy of excellence, innovation and prudent growth. This issuance marks the bank's largest to date under this tranche, driven by robust investor demand that enabled an upsizing beyond initial expectations. Following a brief pause in GCC bond activity within the first tranche of additional capital — after a wave of issuances in May — NBK's transaction drew robust interest from a globally diversified investor base. Investor appetite for the issuance was exceptionally strong, with subscription orders reaching $2.2 billion, representing a 2.75x oversubscription rate. Demand was driven by a broad and diversified base of global investors and financial institutions, with private banking platforms playing a pivotal role in the placement process. The results underscore investor confidence in NBK's robust credit profile and reaffirm Kuwait's standing as an appealing investment destination. MENA-based investors represented the largest share of the allocation, accounting for 47 percent of total demand, followed by investors from the United Kingdom at 19 percent, the United States at 18 percent, Europe at 13 percent, and Asia at 3 percent. By investor type, asset managers and investment funds accounted for 48 percent of total demand, followed by banks and private banking services at 44 percent, while sovereign entities, insurance companies, and pension funds represented the remaining 8 percent of total subscription applications. Robust investor demand enabled NBK to achieve highly favorable pricing for the issuance, with the final yield set at 6.375 percent ( percent (equivalent to UST+240.3bps), representing a 50 basis point tightening from the initial price thoughts (IPTs) of 6.875 percent. The investment-grade credit rating of the issuance, including a Baa3 rating from Moody's, further enhanced its appeal — driving strong interest from international private banking platforms and global asset managers. Citigroup, JP Morgan, HSBC, and Standard Chartered acted as Global Coordinators for the issuance, while the Joint Lead Managers included Citigroup, JP Morgan, HSBC, Standard Chartered, First Abu Dhabi Bank, Emirates NBD, Abu Dhabi Commercial Bank, KAMCO Investment Company, and National Bank of Kuwait. •The listing underscores NBK's deep-rooted relationship with one of the world's most prominent stock exchanges • Robust investor appetite reflects global confidence in NBK's strong credit fundamentals and regional leadership
