So the important news then is that CNBC's Closing Bell will change times, right. How will these new hours affect my hedge fund, which relies on late trading mutual funds?
well, instead of waiting til about 4:30pm for the closing price, you'll be able to get it at 11am and decide if you want to buy at that price. Thus, you should be able to make it home from work by lunch
That lady from the Council of Institutional Investors that was on CNBC had it right. You can't have NYSE members voting who will be a board member that will regulate them. Otherwise the members will just vote out of office any board member who cracks down on them for violating the rules. How does the NYSE get away with this kind of crap?