So you're in favor of racism and discrimination as I understand? Why would "people of color" or women be favored over everyone else? It makes no sense.
It's probably stemming from this ignorant view that "black people can't be racist". From a distance it looks like America is always racist, whether it's for white people or black people -- from one racist policy to another.
Yes, I am aware of William Barr using the DOJ as a political tool to dismantle affirmative action and that they'll get laughed out of court just as the Harvard plaintiffs were if they bring on a lawsuit. https://www.insidehighered.com/admi...harvards-policies-do-not-discriminate-against https://en.wikipedia.org/wiki/Students_for_Fair_Admissions https://en.wikipedia.org/wiki/Edward_Blum_(litigant) It doesn't matter what I'm in favor of, i'm just presenting the facts.
Maybe this can lead into some longer extended market hours instead of a 6.5 hour trading day. Its 2020 not 1968. If money never sleeps why does wallstreet. Let's get rid of extended pre market and after market hours and open the exchanges to a minimum of 12 hrs a day.
Supply and demand. Exchanges did studies on this and there was no demand for longer hours. You can also look at the volume pre-market and after hours to get an idea of the demand. No exchange will refuse to grow when there will be demand, but it isn’t there.
Studies??? The only absolute study would be to keep exchanges open past the closing time to actually see where volume goes. I can guarantee you if after market hours became actual trading hours you would see volume just as you would throughout the day. Aside from that the reason why volumes drop off after hours is because after hours trading is worthless, the spreads are wide premarket and aftermarket. and because the only thing its good for is trading earnings. What study suggested that an exact 6.5 hour trading day was best for volume demand? With electronic trading and absolutely no need for humans to run the floors its time to go longer hours.
They simply asked their customers, institutional traders and market makers if they’d be interested. Also, part of the problem is how to handle news events and when to release earnings. It’s not like anyone wants to do earnings calls after midnight. Options trading hours would also need to be aligned. And options could be arbitraged or gamed during news events anyway. It’s easy to create a mess but not so easy to undo it.