In Russia, World-Beating Trading Day Is About to Get Longer
- Moscow Exchange is extending trading to just before midnight
- The stock market hopes to cash in on a retail investor boom
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The Moscow Exchange, which already boasts one of the longest trading days in the world, will soon let clients trade stocks until just before midnight as it seeks to cash in on a boom in retail investors.
The Russian bourse is extending its equities session by nearly five hours in the evening, bucking a European trend toward shorter days. Professional bodies in Europe have proposed reducing market hours, an idea widely backed by traders.