Shortening UK stock market hours will not be enough to remedy the diversity problem on London’s trading floors, according to City executives who are urging the industry to do more to broaden its appeal to women and working parents.

Financial News reported this week that the Association for Financial Markets in Europe, a bank lobby group, and the UK’s Investment Association, which represents the country’s £7.7tn asset managers, are working on proposals to trim the eight-and-a-half hour trading day in European equity markets.