I KNEW THAT... lol... If you didn't know that, c'mon we are not idiots... at least I don't think we are NYSE and NASDAQ aren't open 24/7 though.... Although, NASDAQ is nothing but computers anyways, so wouldnt' be that hard. NYSE, how would that work though? Why is everyone worried about NYSE opening 2 hours earlier then? I'm not here for a history lesson, I just like things the way they are, I'm sure a lot of equity traders do. Why screw with it? Adapt or die, but dammit, I just switched to equities, lol, I depend on liquidity for my scalping.
NO....not with liquidity. Normal people sleep, ever hear of BURNOUT. There is more to life than chasing a dollar. ...
I think the idea was the let Europeans trade our markets when THEY were awake. Hmm, what a crazy idea.
Technically all US stocks are tradeable from 4:30am-8pm since those are the hours of the arca ecn. Volume before 8am though is practically 0.
They could trade 24 hours but i think volume will be minimal and significant moves will rarely be made. Just look at futures... most of the time, it's barely moving until around 5am to 7am.
I have always thought eventually they will stay open continually because; -> just like a corner store getting busier they will extend the hours to capture the extra volume and allow room for even more, look at the success of EUREX and its operating hours. -> it would reduce volatility risk -> provide a 24hr liquidity option -> be better for the big boys since they have a spread catching algorithm on constantly -> it would capture liquidity from overseas which the big houses would be more than happy to capture the spread from . And when it does, i think it will just keep on getting harder for the retail guy. But, aslong as there always a surge in volume and volatility at the open and close there will always be a way to trade it. Back in the 90's the big houses were bringing in the coin through pump and dump, start an IPO for nothing and cash in @ 1000% return -> whilst that still happens now to a degree -> the big coin now is in automated spread catching algorithm's a new kind of arbitrage so the big houses want everthing as flexible and electronic as possible so they can stick their algorithms in there. The stockmarket is just one big pyramid scheme played like poker. The market becomes more efficient as time goes by and one day a profitable retail trader might become a myth so you either adapt your trading or make sure by then you have invested enough in stocks over the years to live of the dividends.
The broker dealers don't want 24/7 trading because it will tack on extra staffing costs and bring about uncertainties. Maybe there is 24/7 trading on US stocks one day, but the liquidity is only during standard hours.
The 24/7 crowd is wacko. It's the Japanese who got it right. Two hours in the morning. Two hours for lunch. Two hours in the afternoon, then go hang out with some Geisha.