Remember the good ole days? When meme stonks weren’t a thing, prices moved in 1/8ths, and sleep was allowed?https://www.wsj.com/articles/is-the-stock-market-open-at-3-a-m-this-startup-says-it-should-be-11633431602 …
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If these guys got approval and showed some volume, wouldn't the larger exchange's just change their hours too?
It seems like they’re going after retail volume so the question would be what would the wholesalers do, but you’re right, they dont have a special uncopyable advantage
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My guess is that most value that 24 sees is not in single stocks, where agree with
@GuFinProf that there is likely not enough liquidity or regular demand. But in certain ETFs I could see the value 1/2Thanks. Twitter will use this to make your timeline better. UndoUndo
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The two ideas that always seemed incompatible to me in equity land to me continuous markets and 24/7 markets. Regularly scheduled call markets (say hourly?) might be a better for non-regular hour trading 2/2
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Agree completely. As a former program trader, I can tell you call auctions are always better. This seems to cater to the trading junkie types who need 24/7 adrenaline rushes
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