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InvisibleGabbaDj
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Registered: 04/08/01
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Why Aren't Stocks Traded 24 Hours?
    #11191019 - 10/06/09 01:15 AM (8 years, 1 month ago)

Why does the stock market open and close?

I keep hearing about all of these "end of the day sell offs" and I can't help but think that we would have a much smoother system if people didn't have to worry about a volatile stock till morning...  :confused:


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OfflineFalcon91Wolvrn03
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Re: Why Aren't Stocks Traded 24 Hours? [Re: GabbaDj]
    #11191268 - 10/06/09 02:31 AM (8 years, 1 month ago)

It's a good question.  I suspect it's because bankers control the exchanges, and they only want to watch the market during their business hours.


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Offlinebhamlaxy
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Re: Why Aren't Stocks Traded 24 Hours? [Re: Falcon91Wolvrn03]
    #11191489 - 10/06/09 03:42 AM (8 years, 1 month ago)

I think a 24 hour exchange would just be more stressful. Traders of all sorts would want to be on-call 24/7. Something may happen overseas, or something else may happen that will make trading very late at night necessary, which would make it very difficult for everyone, from the occasional part-time trader to a career-broker.


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OfflineScavengerType
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Re: Why Aren't Stocks Traded 24 Hours? [Re: bhamlaxy]
    #11191499 - 10/06/09 03:49 AM (8 years, 1 month ago)

aren't stock traders doing enough amphetamines as it is!!!!?


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"Have you ever seen what happens when a grenade goes off in a school? Do you really know what you’re doing when you order shock and awe? Are you prepared to kneel beside a dying soldier and tell him why he went to Iraq, or why he went to any war?"
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- Author and former M6/M5 agent John le Carré on Democracy Now.
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InvisibleArmFromTheAbyss
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Registered: 10/09/02
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Re: Why Aren't Stocks Traded 24 Hours? [Re: GabbaDj]
    #11191970 - 10/06/09 08:28 AM (8 years, 1 month ago)

It would reduce liquidity if the market was open 24hrs because people need to sleep. At 3am trading would be light, it would be easier to manipulate and even more volatile.


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