From Business Insider, December 21:
- Swedish traders want Nasdaq to cut its trading hours, Bloomberg reported.
- Nasdaq's trading hours in Sweden last for eight and a half hours.
- One bank leader told Bloomberg it was "impossible" to balance family life with a job in equities.
Swedish traders want Nasdaq to cut its trading hours to improve their work-life balance, according to a new report by Bloomberg.
Elisabeth Beskow, the Swedish head of Norway's DNB Bank ASA, told Bloomberg that it was currently "impossible to have a reasonable family life and a job in equities." Women with children were particularly affected, she said.
Nasdaq Sweden's normal trading hours are from 9 a.m. to 5:30 p.m., or eight and a half hours, the same as the Frankfurt Stock Exchange. The London Stock Exchange similarly trades for eight and a half hours, though this runs from 8 a.m. to 4:30 p.m..
Some of the world's biggest stock exchanges, however, have considerably shorter trading times. Both New York Stock Exchange and Nasdaq New York trade for six and a half hours a day. JPX exchange, which operates the Tokyo Stock Exchange, only trades for five hours a day, while the Shanghai Stock Exchange trades for just four hours.
Per Flostrand, head of equity sales at Norway-based investment bank ABG Sundal Collier, told Bloomberg that traders also have to do work before the opening bell and after the closing bell, too, which makes their days longer....
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Completely unrelated, here's a story about guys in India whose job is to wade into cesspits and unclog them by hand.
This employment opportunity has been outlawed but there's not a lot of difference between their prospects and those of the traders who will join them on the unemployment line when they are replaced by AI in five years.
I'm not kidding.
"Google Reportedly Replacing Some Human Staff With AI"
As we are about to find out, it is white collar jobs that offer the most profitable areas for AI to supplant people....
