Russian Traders Better Cows as Moscow Clocks Go Back - Bloomberg

Russian Traders Better Cows as Moscow Clocks Go Back - Bloomberg:



"When Russia widened the time difference between Moscow and London three years ago, stock trader German Nikonenko found himself working 12-hour days. With the country about to scrap the idea, he might get his life back.



“This change is for the better because otherwise we had to stay at the office really late,” Nikonenko, the chief equity trader at UralSib Capital in Moscow, said by phone on July 7. “The smaller the time difference with London the better, because you can plan your personal time and sports exercise. You wouldn’t go jogging at 11 p.m., would you?”



The wider time difference has made it more difficult for brokers in Moscow to service clients in Europe and for traders in London to be active in Russia’s early market hours, hurting volume and revenue. The spread grew to four hours from three hours in 2011 after then-President Dmitry Medvedev ordered the switch to permanent summer time, saying seasonal clock changes disrupted the human biorhythm and confused milk cows."



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