Traders call for more family friendly hours

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The traders' association has asked the European market to reduce trading time to encourage more diversity.

Stock market transactions are traditionally dominated by men and still lag behind other areas of financial services in one role, said the association.

He also added that shorter trading times will reduce pressure on traders and concentrate trading.

The London Stock Exchange said it would start consultation on the request.

& # 39; Long time & # 39;

April Day (AP), head of stocks of the European Financial Markets Association (AFME), said he was contacting stock exchanges in London, Paris, Germany and the Nordic region, calling for shorter trading times.

The request is made with a fellow trader group investment association.

The organization said it should reduce its trading hours from 08:00 to 16:30 to 09:00 to 16:00 and harmonize between European exchanges.

Days said the traders usually work for hours on either side of the trade.

In contrast, the US exchange is open for 6.5 hours and the Asian exchange for 6 hours.

Mr. Day said, “Short working hours will increase employee flexibility and involve more people on the exchange.

For example, exchanges should attract more women, she said. "Fair [trading] It is still male dominant. "

Parenting challenge

The lower the intake of women in the junior position, the knock effect means relatively fewer women in senior management positions in investment and banking transactions, Day said.

She added that juggling work and parenting responsibilities can be a challenge for both men and women.

"It's hard to find a nursery at five in the morning," she said.

Shorter trading times will improve the liquidity of the stock, ie the thinner the trade, the better and easier it is to convert assets into cash, she said.

Pressure drop

Days adds that long hours at high pressure work can make mental health worse.

Galina Dimitrova, head of the capital market of the Investment Association, agreed: "We have heard many inspiring stories about the mental health and personal life of traders are affected by their working hours.

"This is not a bullet, but we hope that the review across Europe will bring a step change in a more efficient market and benefit the Saber and those who run it."

The London Stock Exchange said it strongly supported the city's diversity and work culture improvement.

The Traders' request was a "significant proposal for coordinating trading times across Europe."

"We will consider this request in formal consultation with global members and customers of the London Stock Exchange," he added.

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