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Ex-LSE boss Xavier Rolet blasts shorter trading hours: ‘It’s a storm in a tea-cup’

The boom in snazzy algorithms and off-exchange trades make the argument irrelevant, the former LSE chief executive said

Ex-LSE boss Xavier Rolet blasts shorter trading hours: ‘It’s a storm in a tea-cup’
Photo: Getty Images

The debate over slashing stock market hours is a "storm in a tea-cup", according to Xavier Rolet, the former chief executive of the London Stock Exchange.

Rolet, who headed the LSE for more than eight years, told Financial News that the ongoing debate about shorter market hours is “irrelevant” as human trading is on its way out — thanks to computer servers and snazzy algorithms taking over once-frantic trading floors over the last 30 years. 

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