New stock exchange aiming to offer 23-hour trading set to launch in 2025

Discussion in 'Order Execution' started by TheDawn, Nov 30, 2024.

  1. TheDawn

    TheDawn

    https://www.cnbc.com/2024/11/29/new...er-23-hour-trading-set-to-launch-in-2025.html

    My gosh!! Now we can trade stocks finally like retail forex and futures and when you are in a different timezone when travelling around the world. And all of the markets are going to be connected. This is awesome!! Now my charts are finally going to be continuous without gap up/downs.

    One question come to mind: 1. How are the circuit breakers going to work? Right now the circuit breakers stop at market-close at 4 PM EST/EDT. So are the circuit breakers going to extend to 23 hours as well? Because otherwise the stock market can continue to tank if the circuit breakers only stop at 4 PM EST/EDT.

    But nevertheless this is great news!! If only they can allow trading on Junnteenth Day, the most woke holiday...
     
    Last edited: Nov 30, 2024
    Drawdown Addict likes this.
  2. maxinger

    maxinger

    Usually, there will be different settings (margin, Limit up/down ....)
    for RTH and ATH.
     
  3. Yay! Maybe stop losses can actually work now.
     
  4. My guess is that servers will still need a down time at some point, let's say one hour at the end of the day.

    There you could have any maintenance workflows. Like options/futures expirations, breakers and so on.
     
  5. SunTrader

    SunTrader

    LOL No gap up/downs riiiiiight. Just movement on little volume that will likely, more times than not, get reversed once big money shows up during RTH's.
     
    p0box4 likes this.
  6. Yes, it'll just be like an extended after hours with low liquidity... so if you do have a stop it'll get filled way lower... Similar to a gap down anyway.
     
  7. I don't agree with it.
     
  8. deaddog

    deaddog

    Why not?
     
  9. horizon

    horizon

    More manipulation comes soon
     
  10. TheDawn

    TheDawn

    Yes there would be an one hour break each day for the exchange to process stuff.
     
    #10     Nov 30, 2024