Push for extended access
The London Stock Exchange Group (LSEG) is actively exploring the feasibility of 24-hour trading, as exchanges globally respond to surging demand from retail investors seeking access beyond traditional business hours.
Sources close to the discussions say LSEG is reviewing the commercial, technological and regulatory implications of extended or round-the-clock trading. While no final decision has been made, the group is said to be engaged in “important commercial, policy and regulatory discussions” around the initiative.
The move comes amid a global trend led by US exchanges, where platforms like Nasdaq, NYSE and Cboe Global Markets have all recently applied to the US Securities and Exchange Commission for approval to extend their trading windows. Their applications follow the in-principle approval of 24X, a proposed round-the-clock bourse, although regulatory hurdles have slowed its final sign-off.
Driven by digital habits
The shift reflects changing investor behaviour. Younger, app-based traders increasingly expect markets to mirror the accessibility of crypto exchanges, which operate 24/7 and have seen booming volumes. Out-of-hours trading has become common among US retail traders using platforms like Robinhood.
LSEG’s interest highlights how traditional stock markets are under pressure to modernise. Despite equities accounting for just 2.7% of LSEG’s Q1 2025 revenue – the bulk comes from data sales – its exchange still plays a vital role in giving global investors access to British stocks.
Official London trading hours currently run from 8am to 4.30pm, leaving a gap during evenings and weekends when demand from international and retail investors may still be active.
Implications and concerns
The group is reportedly assessing multiple factors, including required tech upgrades, regulatory complexities, and the potential effects on liquidity, which tends to cluster around the opening and closing auctions.
There are also concerns about whether extended hours would truly benefit institutional investors. Many fund managers remain cautious, citing possible increased costs and regulatory burdens.
The Federation of European Securities Exchanges has warned that while extended hours may appeal to retail traders, the long-term viability and benefits remain unclear.
West Midlands link
For the West Midlands – home to a growing community of retail investors and fintech entrepreneurs – the shift could create new trading opportunities. Local traders and tech startups operating in financial services could benefit from more flexible market hours, potentially strengthening Birmingham and Coventry’s emerging fintech profile.
If the London Stock Exchange does proceed, it could mark a pivotal shift in how UK markets operate, reshaping the rhythm of British and global capital flows.
