US market open 24/7 or 23/5.
And allowing corporations to drop quarterly reporting to 6 month reports.
3 Likes
As he points out 24/7 trading already exists for some stocks due to ADRs and listing on multiple exchanges. 24/7 for all stocks will be quite a change. Just maintaining a market will require efforts. But global firms can easily hand off to overseas offices when appropriate.
I think most investors like quarterly earning reports. Less often gives companies more leeway to invest but investors prefer more info; not less.
4 Likes
i like a daily close.
The Captain
4 Likes
As do I. I would really rather not have to think about what the market is doing at 3 AM.
The time the market is closed is also time for the market to pause and think instead of react.
6 Likes
Every institution wants their share of the compulsive gamblers.
Casinos don’t close down entirely.
1 Like
Another good point!
The Captain
Yes. There is a reason that most company earnings reports and government financial data are released outside of market hours.
DB2
6 Likes
Close also sets the NAV for mutual funds. No doubt there will be a closing moment for statistics purposes even if trading continues somewhere a second later.