Stock Exchange may change market's opening times
The Stock Exchange is considering changing the opening and closing hours of the London stock market and altering the way opening and closing prices are calculated in an attempt to improve its new electronic trading system, SETS.
The proposals are contained in a consultation document, released yesterday. The document also reviews the progress of SETS, which has faced sustained criticism since launch last October. Market watchers have been concerned about numerous "rogue" opening and closing prices.
The Exchange said it would consider opening the market later - possibly as late as 9.30 - and closing earlier in a bid to deal with rogue prices. One suggestion is closing at 4.10, the same time as Liffe, the financial futures and options exchange.
Subscribe to Independent Premium to bookmark this article
Want to bookmark your favourite articles and stories to read or reference later? Start your Independent Premium subscription today.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies