(Adds detail)
LONDON, June 1 (Reuters) - There is broad backing in stock
markets for cutting the trading day by 90 minutes in a
coordinated way across European exchanges, the London Stock
Exchange said on Monday.
The LSE published feedback from its public consultation on
making trading hours more family-friendly to help diversify
trading desks and improve mental wellbeing.
"There was also widespread consensus from respondents that
any change to trading hours would ideally require a broadly
aligned approach across European exchanges and other trading
venues," the LSE said in a statement.
Euronext, which is conducting its own consultation on
trading hours, is sceptical, with Deutsche Boerse also thought
to be lukewarm about the idea.
The current European trading day is 0800-1630 UK time,
longer than in Asia or Wall Street, and most market participants
preferred a 0900-1600 trading day, with a minority calling for
no change, according to the LSE.
The stock exchange will go back to market participants to
see whether working from home since March due to coronavirus
lockdowns has changed how they view trading hours.
A small number of respondents suggested a "lunch break" as
an alternative to a shorter trading day.
(Reporting by Huw Jones
Editing by Mark Heinrich)