What the hell do they think is going to happen in an extra 2 hours that doesn't happen now? The only ones that I see gaining from this are the Arb bots. Why would you make the worlds most boring market even longer? Making it one of the longest trading days in any equity market!
The Australian Securities Exchange says it may extend its trading hours and ease restrictions for small resources companies in a bid to attract Asian investors and capitalise on Australia's strong resources sector.
The trading hours proposal would extend bourse trading to 6pm AEDT, instead of 4pm at present, the Australian Financial Review reported, bringing Australian trading hours in line with their Asian counterparts.
Read more: http://www.theage.com.au/business/as...#ixzz1qwMHHjjC