Poland's Warsaw Stock Exchange (WSE) will operate new shorter trading times when it migrates to a new trading system on 15 April.
The bourse will reduce trading session times from 17.35 to 17.05 for its cash market - the second change to trading hours in just over two years, after extending hours in January 2011. Futures trading, which is being brought closer to cash market hours, will also close at 17.05, but will open at 15 minutes earlier than the cash market at 08.45.
The announcement was made following agreement between the exchange management board, the Council of Brokerage Houses and the Chamber of Brokerage Houses last week.
The changes will come into force as the WSE switches to the Universal Trading System (UTP), provided by NYSE Technologies.
Speaking to theTRADEnews.com in March, Andriusz Kułakowski, general director for technology at WSE, said the exchange's move to extend afternoon trading by one hour in January 2011 was done to match closing times in London and Frankfurt, but was not convinced this had a positive impact on trading volumes.
"We feel that exchanges are moving towards more accessibility for the widest possible group of participants. That also means increased availability of trading throughout the day in order to accommodate investors that choose to respond to any type of market-moving data in an after-hours environment," Kułakowski said.