The move is designed primarily to save on trading costs. Ekers is believed to have contacted several broker dealers in an effort to get them behind his initiative to reduce trading hours by up to one hour each day.
Market hours in many exchanges were increased over the last few years in response to increased demand from investors. With two straight years of market declines, Ekers feels that the longer trading hours are no longer justified.
Bid For Shorter Dealing Hours
Bloomberg reports that Martin Ekers, head of equity dealing at Morley Fund Management, is trying to obtain support to shorten hours on the London Stock Exchange and other European bourses.
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