July 20 (Reuters) - London Stock Exchange Group ( LDNXF )
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 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.
LSEG had no comment.
In March, Nasdaq announced plans to introduce
24-hour trading on its flagship U.S. exchange and joined rival
exchanges like Cboe Global Markets ( CBOE ) and Intercontinental
Exchange ( ICE ), the operator of the New York Stock Exchange,
in planning extended trading hours.
LSEG, which runs the London Stock Exchange ( LDNXF ) 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.
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 ( UL ) chose Amsterdam as the primary listing for its ice
cream business Ben & Jerry's ( UL ) in February.