Group 1 - The London Stock Exchange Group is considering the implementation of a 24-hour trading mechanism due to the increasing demand from retail investors outside regular trading hours [1] - The group is exploring the feasibility of extending trading hours, which includes aspects such as technological upgrades and regulatory issues [1] Group 2 - The trend of extending trading hours originated in the U.S. markets, with exchanges like the New York Stock Exchange, Nasdaq, and Chicago Options Exchange applying to the SEC for longer trading hours [3] - Nasdaq plans to extend its stock market trading hours to 24 hours a day, five days a week, with an expected implementation in the second half of 2026 [3] - The Chicago Options Exchange also announced plans to extend trading hours to 24 hours a day, pending regulatory approval [3] - The SEC has approved 24Exchange to operate a national exchange that can trade for 23 hours each business day, marking the first national securities exchange approved for "5×23 hours" trading [3] Group 3 - Asian exchanges are actively following the trend of extended trading hours, with the Indonesia Stock Exchange considering adding a third daily trading session to enhance market activity [4] - The Japan Exchange Group is gradually extending trading hours to attract foreign investors, with the Tokyo Stock Exchange extending its closing time to 3:30 PM local time, resulting in a total trading time of 5.5 hours [4] - The trend is driven by younger investors using smartphones for trading, as well as the continuous trading nature and increased volume in the cryptocurrency market [4] - In the U.S., the growing number of Gen Z retail investors is increasingly trading outside of work hours through mobile applications [4]

Core Viewpoint - The London Stock Exchange Group (LSEG) is considering extending trading hours to 24 hours a day to meet the growing demand from retail investors, following similar moves by other exchanges like Nasdaq and the Indonesia Stock Exchange [1][3][4]. Group 1: London Stock Exchange Considerations - LSEG is exploring the feasibility of extending trading hours, including the necessary technology and regulatory implications [3]. - Discussions are ongoing regarding the potential impact on dual-listed companies and market liquidity [3]. - The initiative is part of a broader discussion on new products and services to enhance the attractiveness of the UK market [3]. Group 2: Market Context and Challenges - The UK stock market is facing a crisis with declining trading volumes and a lack of new listings, as evidenced by a 20% increase in profit warnings from UK-listed companies in Q2 2025 compared to the previous year [4]. - The IPO financing amount in London has dropped to its lowest level in 30 years, with only 5 companies completing listings in the first half of the year, raising concerns about the UK's status as a global capital center [4]. Group 3: Global Trends in Trading Hours - Nasdaq has applied to extend trading hours to 24/5, aiming to cater to the increasing interest from Asian investors [7][8]. - Other exchanges, including the Chicago Board Options Exchange and the Tokyo Stock Exchange, are also considering or have implemented extended trading hours to improve market efficiency and competitiveness [8].

Core Viewpoint - The London Stock Exchange Group (LSEG) is considering the introduction of 24-hour trading to meet the growing demand from investors and enhance the attractiveness of the UK market [1][2]. Group 1: Trading Hours Extension - LSEG aims to implement a 24-hour trading plan primarily to cater to "night owl" traders and attract overseas investors and younger traders to buy UK stocks [2]. - The UK stock market is facing a crisis with a significant decline in trading volume and a lack of new listings, evidenced by only 5 IPOs raising £160 million in the first half of the year, the lowest since 1995 [2]. - The CEO of JPMorgan, Jamie Dimon, has indicated that the low number of IPOs is causing London to lose its status as a significant financing market [2]. Group 2: Current Trading Environment - LSEG's revenue is mainly derived from selling financial data to banks and brokers, with stock trading-related income accounting for only 2.7% of total revenue in the first quarter [2][3]. - The current trading hours for LSEG are from 8:00 AM to 4:30 PM [3]. Group 3: Global Trends in Trading Hours - The trend of extending trading hours has gained popularity among various exchanges, originating from the United States, with the SEC approving the 24X National Exchange for 23-hour trading [4]. - Other exchanges, including the New York Stock Exchange and the Chicago Board Options Exchange, are also planning to extend their trading hours significantly [4]. - Exchanges in Japan and Indonesia are following suit, with Japan's exchange gradually extending trading hours to attract overseas investors [5]. Group 4: Industry Insights - The European Securities Exchanges Federation has noted that while extending trading hours may attract retail traders, the long-term sustainability and benefits of such a model remain to be seen [5]. - The trend towards 24-hour trading is influenced by younger investors engaging in trading via smartphones and the continuous trading nature of the cryptocurrency market [5].

Core Viewpoint - The London Stock Exchange Group (LSEG) is considering the introduction of 24-hour trading to meet the growing demand from investors and to enhance the attractiveness of the UK market, which is currently facing challenges such as declining trading volumes and a lack of new IPOs [1][3]. Group 1: 24-Hour Trading Plan - The primary motivation for LSEG's potential 24-hour trading plan is to cater to "night owl" traders and to attract overseas investors and younger traders to invest in UK stocks [3]. - The UK stock market is experiencing a crisis, with only 5 IPOs raising a total of £160 million in the first half of the year, marking the lowest half-year data since 1995 [3]. - The CEO of JPMorgan, Jamie Dimon, has indicated that the low number of IPOs is causing London to lose its status as a significant financing market [3]. Group 2: Current Trading Environment - LSEG's current trading hours are from 8:00 AM to 4:30 PM, and the extension of trading hours would require consideration of various factors, including technological upgrades, regulatory issues, and potential impacts on liquidity [4]. - The revenue of LSEG primarily comes from selling financial data to banks and brokers, with stock trading-related revenue accounting for only 2.7% of total revenue in the first quarter [3][4]. Group 3: Global Trends in Trading Hours - The trend of extending trading hours originated in the U.S., with several exchanges, including the New York Stock Exchange and Nasdaq, planning to implement longer trading hours [6][7]. - Japan and Indonesia are also considering extending trading hours to attract overseas investors and increase market activity [8]. - The European Securities Exchanges Federation has noted that while extending trading hours may be beneficial for attracting retail trading, the long-term sustainability and benefits of such models remain to be seen [8].

Core Viewpoint - The London Stock Exchange Group (LSEG) is considering extending trading hours to meet the growing demand from retail investors, potentially moving towards a 24-hour trading model [1][3][4]. Group 1: LSEG's Consideration of Extended Trading Hours - LSEG is evaluating the feasibility of extending trading hours, including the necessary technology and regulatory implications [3]. - Discussions are ongoing regarding the potential introduction of 24-hour trading to enhance the attractiveness of the UK market and encourage investment from overseas and younger traders [4]. - The exploration of extended trading hours is part of broader discussions about new products and services [3][4]. Group 2: Market Context and Challenges - The UK stock market is facing challenges, including a decline in trading volume and a lack of new listings, with only 5 companies completing IPOs in the first half of the year, raising concerns about the UK's status as a global capital center [5][6]. - The number of profit warnings from UK-listed companies increased by 20% year-on-year, with 59 warnings issued in Q2 2025 [5]. - Traditional fund managers may resist the move to 24-hour trading due to difficulties in pricing based on closing prices, which are critical for their operations [5]. Group 3: Global Trends in Trading Hours - Other exchanges, such as Nasdaq and the Indonesia Stock Exchange, are also exploring extended trading hours to increase market activity and cater to investor needs [7][9]. - Nasdaq has applied to regulators for a 24-hour trading model, aiming to serve the growing interest from Asian investors [9]. - The Chicago Board Options Exchange and the New York Stock Exchange have announced plans to extend trading hours, pending regulatory approval [10][11].