According to this bloomberg piece the nyse is going to let the 'machines' open certain stocks for trading. Also at the end of the piece it mentions bringing back the opening indications http://www.bloomberg.com/apps/news?pid=conewsstory&refer=conews&tkr=NYX:US&sid=a_869nm9Ft2w -Guru
who cares, give me a longer trading day where we dont have to trade pre market and Ill take that. Least start the trading day say at 8:30 or even 9.
Yes - the same type of indicators are coming back. I heard not until November - but regardless it is yet another example of an exchange listening to investor demands. At times it does pay to voice your concerns......
Yes this is very good news that the indications are coming back. Now if they would revert back to making the specialists/brokers show at least 1000 shares when using the reserve feature all would be swell
If computers are suppose to make our lives so much easier why would anyone want to work longer hours? If we were smart we'd go back to the 10:00 to 3:30 schedule. Just, My2cents
just to clarify further, there really is no change at all with respect to the nyse open. the only 'difference' is that stocks which have no large orders will now open right at 9:30 automatically rather than 1-5 or so minutes later by the hand of the specialist. These stocks will open at the same price as they would have opened with the specialist, just earlier. The nyse is essentially "re-capturing" a few minutes of market activity on 2000+ stocks which has historically been farmed to the ecn's. Human involvement on order imbalances, even those of just a few thousand shares, (a unqiue differentiator from nasdaq)provides the best possible price to bidder and seller on open. It's a good thing that this nyse benefit remains in place.