Latest news with #24hourtrading
South China Morning Post
3 days ago
- Business
- South China Morning Post
Should Hong Kong follow if London opts for 24-hour stock trading? City brokers are divided
A media report overt the weekend saying the London Stock Exchange Group (LSEG) is considering 24-hour trading has raised questions about whether Hong Kong's bourse could similarly lengthen its transaction hours to cater to a younger generation of trade-anytime investors. The Orion Derivatives Platform (ODP), developed by Hong Kong Exchanges and Clearing (HKEX) for roll-out in 2028, would give Asia's third-largest capital market the capability to 'offer near 24-hour derivatives trading, introduce new products and provide enhanced efficiency,' the HKEX said in April last year. The exchange has not disclosed any plans to change its trading hours, which currently run for 5.5 hours every weekday from 9.30am to 4.00pm, with a one-hour lunch break in between. That put Hong Kong in the middle among global markets: 4 hours in Shanghai and Shenzhen, 5 hours in Tokyo, 6.5 hours in the US and Canada, 8.5 hours in London, and 14 hours in Frankfurt. 'If HKEX expands its trading hours, it would help [boost] the market turnover and attract international investors,' said Kenny Ng Lai-yin, a strategist at Everbright Securities International. 'But there will be a lot of investments needed by the exchange and the brokerage industry, [so] it needs a balance on whether to extend the trading window to 24 hours.' The final day of floor trading on the Hong Kong stock was on October 27, 2017. Trading thereafter was done entirely digitally via scripless dealing. Photo: Edward Wong HKEX declined to comment. The LSEG was weighing its options on whether to introduce 24-hour trading to meet growing demand from small investors, the Financial Times reported on Sunday, citing unidentified sources. LSEG declined to comment when asked by the Post.
Yahoo
3 days ago
- Business
- Yahoo
Schwab Expands 24-Hour Trading to 1,100 Securities
KEY TAKEAWAYS Charles Schwab said Monday it is adding more securities, primarily ETFs, for 24-hour trading, bringing the total to 1,100 stocks and funds that retail investors can access outside normal U.S. business hours. Its rivals Robinhood and Intercontinental Exchange have been moving toward extended trading hours that go beyond both the regular session, during which volumes are highest, and the traditional premarket and after-hours sessions. The most traded stocks that Charles Schwab said it has seen since launching 24-hour trading earlier this year are shares of Tesla, AI darling Nvidia, and Chinese EV maker NIO, the company rush to attract the global investor at all hours of the day is on. Charles Schwab (SCHW) said Monday it is adding more securities, primarily ETFs, for 24-hour trading, bringing the total to 1,100 stocks and funds that retail investors can access outside normal U.S. business hours. The online broker extended trading access to its clients for stocks in the S&P 500 and Nasdaq 100, as well as a range of exchange-traded funds, in February. Its rivals Robinhood (HOOD) and Intercontinental Exchange (ICE), have extended trading hours that go beyond both the regular session, during which volumes are highest, and the traditional premarket and after-hours sessions. 'As the pace of interconnected global markets activity increases and market-moving news and events happen outside of regular U.S. market hours, 24-hour trading gives investors flexibility and access that can be critical to take advantage of potential opportunities – as well as helping to manage risk," Charles Schwab Managing Director James Kostulias said. The most-traded stocks that Charles Schwab said it has seen since launching 24-hour trading earlier this year are shares of Tesla (TSLA), AI darling Nvidia (NVDA), and Chinese EV maker NIO (NIO), the company said. Read the original article on Investopedia Sign in to access your portfolio
The Guardian
3 days ago
- Business
- The Guardian
London Stock Exchange considers 24-hour trading to stimulate market
The London Stock Exchange Group (LSEG) is reportedly considering launching 24-hour trading, amid pressure to make the UK market more competitive and attractive to investors. LSEG, which operates Britain's main stock market, is looking into the practicalities of increasing its trading hours, the Financial Times reported, citing people familiar with the matter. One person told the newspaper that the group is 'absolutely looking at it, whether it means 24-hour trading or extended trading', adding that it was 'having important commercial, policy and regulatory discussions' about the topic. Cryptocurrencies such as bitcoin already trade around the clock and more people trade shares after hours on platforms such as Robinhood. However, shares listed in London only trade between 8am and 4.30pm. LSEG is considering various aspects of extending trading hours, such as technology required to implement the change, regulatory hurdles, the effects on companies with dual listings and the possible impact on liquidity, the FT reported. Other stock exchanges around the world are looking for ways to extend their trading hours. Last autumn, the New York Stock Exchange asked the US financial regulator to extend its window outside its traditional 9:30am to 4pm time, to 1:30am to 11:30pm. However, such a move could prove controversial. Some brokers have argued it could make it more difficult for clearing or guaranteeing trades, and would require significant technology and staff changes. Extended hours could also cause problems for managers of open-ended funds, which calculate their value once a day, typically at the 4pm close. However, in the US, extended hours may prove beneficial for investors on the west coast, who face an official close time at 1pm because of the time difference. Reports that London could extend its trading hours come amid a broader effort to make the UK stock market more competitive, after a string of high-profile companies defected to New York in search of better liquidity, higher valuations and access to bigger investors. Last month, the online payments company Wise, which has been listed in London since 2021, announced its intention to dual list its shares in the US and the UK. The construction equipment rental company Ashtead made a similar move last year, and other companies such as the gambling group Flutter Entertainment and the building materials provider CRH moved their listings entirely to the US. It comes amid a wider government push to rethink Britain's regulation to stimulate growth. Rachel Reeves said in a speech to City bosses last week that rules and red tape were acting as a 'boot on the neck' of businesses and risked 'choking off' innovation across the UK without bold reforms. The London Stock Exchange Group declined to comment.
Daily Mail
3 days ago
- Business
- Daily Mail
London Stock Exchange could launch 24-hour trading to cater to smartphone investors
The London Stock Exchange Group is considering the introduction of 24-hour trading, amid increasing demand for out-of-hours trading from smaller 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.
Yahoo
4 days ago
- Business
- Yahoo
LSE plots 24-hour trading to revive interest in shares
Shares in UK-listed companies could be traded 24 hours a day under radical plans from the London Stock Exchange Group (LSEG) to tap into booming demand from night owl traders. The LSEG, which owns the flagship London stock market, is accelerating plans to launch a 24-hour trading platform to boost the appeal of the gloomy UK market and encourage overseas investors and younger traders to buy British shares. Changing trading patterns in the US, where transactions are increasingly done outside of working hours by a new generation of Gen Z retail investors on smartphone apps, is leaving traditional bourses exposed. Cryptocurrency markets, such as Bitcoin trading, already trade around the clock and more people trade shares in the small hours on platforms like Robinhood, making traditional market hours increasingly anachronistic. London-listed shares currently only trade between 8am and 4pm. The LSEG declined to comment on the plan, first reported by the Financial Times, but chief executive David Schwimmer has made no secret of his desire to boost the London market. Mr Schwimmer has transformed LSEG into a data and technology giant to rival Bloomberg following a $27bn (£21bn) takeover of Refinitiv, with the stock exchange now accounting for just 3pc of the group's revenues. Britain's stock market is facing a crisis after shrinking trading volumes and a dearth of new listing. Recent tax raids by the Government and tariffs woes have also dented companies. According to figures released by EY on Monday, UK-listed companies issued 59 profit warnings during the second quarter of 2025, a 20pc rise compared to the same period last year. A shift to 24-hour trading would mirror strides in the US where so-called 'dark pools' – which are private exchanges where buyers and sellers meet in secret – have become increasingly popular ways to trade shares overnight. Some dark pools, such as Blue Ocean, allow for shares to be traded once US markets close and last year the US Securities and Exchange Commission (SEC) approved a licence for a new Bermuda-based trading platform 24X to offer out-of-hours trading. Mainstream US stock exchanges such as the New York Stock Exchange (NYSE) have sought to keep pace with the developments by extending trading hours. The NYSE asked the SEC for permission to extend its trading window outside of its traditional 9:30pm to 4pm time earlier this year. However any move to extend trading hours is likely to face fierce criticism from conventional fund managers. They use the closing price of shares to set the value of their funds, with trillions of pounds dependent on the closing price. Round-the-clock trading would make setting prices even more difficult, while fund managers are likely to resist moves to monitor the market 24/7. Broaden your horizons with award-winning British journalism. Try The Telegraph free for 1 month with unlimited access to our award-winning website, exclusive app, money-saving offers and more.
