Hong Kong Exchanges and Clearing (HKEx) is said to be considering extending trading hours in a move which would enhance services for investors. HKEx's chief operating officer, Frederick Grede, said that plans to lengthen trading hours were a direct response to investor demand and that it would boost the stock exchange's competitiveness: 'If we don't serve the needs of the investing community, they will take their business elsewhere,' he stated.
Currently in Hong Kong, trading opens at 10.30 am and ends at 4 pm, but with an hour and a half long lunch break taken into account, trading time amounts to a mere four hours, a much shorter time span than with a large number of other major exchanges. HKEx did look into the possibility of extending trading hours in 1999 but no decision was reached.
With the advent of the new AMS/3 automated trading system, which is capable of handling larger volumes of stock and long trading hours, some analysts believe the time has now come to extend Hong Kong's trading hours. It is predicted that the HKEx might begin a trial of extended trading in a matter of weeks when it launches exchange-traded funds (ETFs) for the first time. The HKEx plans to launch seven ETFs covering MSCI indices for Japan, Singapore, Australia, Malaysia, Taiwan, Korea and China.
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