European exchanges oppose shorter stock trading day sought by London firms

LONDON (Reuters) - Shorter hours would not be in the best interests of investors or stock markets, European bourses said on Wednesday, dashing hopes at banks and investment firms in London of cutting 90 minutes from the trading day.The Federation of European Securities Exchanges (FESE) said shorter hours would be a move in the wrong direction. The current European trading day is 0900-1730 continental European time, longer than in Asia or Wall Street.This means that share trading spans the Asian..