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By Meg Short
(Bloomberg) -- The London Stock Exchange will open a new venue outside of its regular market hours in a move to offer "near-continuous trading" in the working week.
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The new offering, which will be called LSE 24, will operate from 5 p.m. until 7:50 a.m. in London and is expected to be ready for client testing by the end of 2026, according to a statement Tuesday. It will operate separately from the bourse's main market, which will continue to operate as usual.
Exchange-traded products, or ETPs, will be the first tradable assets on the platform expected in the first half of 2027.
LSE 24 will provide clients with "greater flexibility beyond traditional trading hours," as well as enhanced liquidity and market participation, said the LSE's Chief Executive Officer Julia Hoggett.
The move comes at a turbulent time for the 300-year-old exchange. Initial public offerings became a point of focus for LSE as the venue struggled to attract new listings, culminating in the platform falling out of the top 20 globally.
A potential revival also appeared to slow in July as a number of companies including Waterstones Booksellers Ltd considered delaying their listings until 2027.
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