A 90-minute cut: shorter trading day comes with costs
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LONDON (Reuters) - A proposal to shorten trading hours on Europe's stock exchanges could help to boost liquidity and would have far-reaching benefits for the industry's hard-working traders.But a proposed 90 minute reduction in the trading day could also drive some business away from Europe's main stock exchanges into so-called dark pools, trading venues which are less transparent and which regulators have been trying to curb.Banks and fund managers on Thursday have proposed shortening the..