Last orders: Rise of closing auctions stirs worries in European stock markets
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LONDON (Reuters) - The final five minutes of trading have become the busiest time of day for stock market traders in Europe.Aside from an initial burst of activity after the open in the morning followed by a brief flurry when Wall Street opens, a growing portion of the daily equity volumes is now concentrated into the five-minute closing auctions at the end of the day.The growing popularity of passive and index-tracking funds and tougher regulations are driving the shift, which is draining..