According to the PSE, ``The board of directors approved the extension of trading hours in the afternoon from 2 pm up to 4 pm. The extended trading hours will coincide with the launching of the new trading system which is tentatively scheduled to go live on or before June 30,2009. Further all trading participants will be mandated to conduct afternoon sessions via off-floor trading.”
The PSE attempted to lengthen trading sessions to cover afternoons during early 2002, but was forced to scrap or do away with the experiment following the low reception which sparked broker complaints. Of course, the doldrums had everything to do with the unraveling bear market then.
However, with the market cycle turning higher, combined with the new trading platform acquired from the NYSE-Euronext (potential to expand into derivative trading-yes!-think of it the next time a bear market reemerges we can hedge!), we could be looking forward to better days.
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