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InvisibleGabbaDjS
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Registered: 04/08/01
Posts: 19,682
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Why Aren't Stocks Traded 24 Hours?
    #11191019 - 10/05/09 11:15 PM (14 years, 5 months 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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GabbaDj

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OfflineFalcon91Wolvrn03
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Registered: 03/16/05
Posts: 32,557
Loc: California, US Flag
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Re: Why Aren't Stocks Traded 24 Hours? [Re: GabbaDj]
    #11191268 - 10/06/09 12:31 AM (14 years, 5 months 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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I am in a minority on the shroomery, as I frequently defend the opposing side when they have a point about something or when my side make believes something about them.  I also attack my side if I think they're wrong.  People here get very confused by that and think it means I prefer the other side.

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Offlinebhamlaxy
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Registered: 01/23/05
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Loc: Nevada
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Re: Why Aren't Stocks Traded 24 Hours? [Re: Falcon91Wolvrn03]
    #11191489 - 10/06/09 01:42 AM (14 years, 5 months 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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Registered: 01/24/08
Posts: 5,784
Loc: The North
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Re: Why Aren't Stocks Traded 24 Hours? [Re: bhamlaxy]
    #11191499 - 10/06/09 01:49 AM (14 years, 5 months 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?"
"The things that are done in the name of the shareholder are, to me, as terrifying as the things that are done—dare I say it—in the name of God. Montesquieu said, "There have never been so many civil wars as in the Kingdom of God." And I begin to feel that’s true. The shareholder is the excuse for everything."
- Author and former M6/M5 agent John le Carré on Democracy Now.
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InvisibleArmFromTheAbyss
Old Hand

Registered: 10/09/02
Posts: 1,368
Loc: Down here in Babylon
Re: Why Aren't Stocks Traded 24 Hours? [Re: GabbaDj]
    #11191970 - 10/06/09 06:28 AM (14 years, 5 months 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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