Some of the biggest exchanges in Europe have poured cold water on proposals to shorten the equities trading day, undermining a campaign to give traders a better work-life balance. The Federation of European Securities Exchanges, which represents venues including Deutsche Boerse AG and Euronext NV, said in a statement Wednesday that cutting hours would be detrimental to European markets and investors. “The Covid crisis has shown that investors need transparent price formation and the flexibility to trade early and late in the day,” Rainer Riess, director general at FESE, said in a telephone interview. “The overlap ... (full story)