Tel Aviv Stock Exchange to Roll Back Hours

For all of you stock traders out there, pay attention. It appears that the Tel-Aviv Stock Exchange(TASE) is going to cut back trading hours. It appears that as a result of workers striking a few months ago, traders are able to accomplish the same amount of work in a much shorter day. My hunch tells me that most workers, whether they work in finance or not, could accomplish a full day's work in about 1/2 the time.

According to a report in Globes: "Shorter trading days in March and April, which resulted from a labor dispute, showed that trading volume did not fall despite the shorter hours. As a result TASE CEO Ester Levanon appointed a committee to examine the issue. Levanon said, "A review by the committee showed that most stock exchange members support a shorter day, and see it resulting in lower costs and employee satisfaction. Exchange members do not expect a drop in trading volume, nor of foreign investor activity."

I guess something good actually came out of a labor dispute!

Trading in Tel- Aviv will start at 9:00 am instead of 8:30 am, and will end at 4:00 pm. Welcome back 'Bankers hours!'