Stock Exchange may change market's opening times
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.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.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments