Trading the stockmarket (NO Referrals)

In other news, anyone else invested in CHRYsalis Investment Trust. It’s doing well from the WISE IPO and there should be at least one more this year.

I’ve held this for a while, but still like the holdings.
 
yeah glad I didn't bite into that the other day I was really tepmted. I did read they just sold off $500 million worth of stock to raise cash so it could jump right back up again.
 
Minusorange said:
I don't understand why trading can't just be 24hr as it's all digital now anyway isn't it ?

The crypto exchanges manage it pretty well
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crypto has no management at all :D no one exchange, currency or country. There is a worth to following the 50 week average not the 200 day because some people are not including weekend pricing in their estimates, probably traders in Chicago.

The reason for stocks and other things being focused to quite short hours in many places is volume and valid price discovery I think, its already the case a large amount of volume is conducted via computer algorithms. Its a bit suspect and the most important thing is confidence in the validity of trade done, I do not expect 24hr to occur and I wonder if they ever allow a BTC ETF in usa

USA does trade shares out of hours to some, its possible here for market makers somehow its more open in usa in that regard. BP can be traded 8am to 9pm easily via two listings in two markets, is more then that needed.
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Minusorange said:
I don't understand why trading can't just be 24hr as it's all digital now anyway isn't it ?

The crypto exchanges manage it pretty well
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It can be, it's just exchanges stuck in their ways. ECNs can offer out-of-hours trading.

mid_gen said:
Because traders need to sleep. Not an issue for retail traders, but the people managing your pension etc need to not work 24/7.
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That's not really a good reason tbh.. pension funds aren't interested too much in day to day fluctuations and if some news does happen over night then the market can still gap at the open, it's not like the rest of the world stops or stuff that would impact the price doesn't occur outside of market hours.
 
dowie said:
It can be, it's just exchanges stuck in their ways. ECNs can offer out-of-hours trading.



That's not really a good reason tbh.. pension funds aren't interested too much in day to day fluctuations and if some news does happen over night then the market can still gap at the open, it's not like the rest of the world stops or stuff that would impact the price doesn't occur outside of market hours.
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If you open the exchange 24/7, then everyone needs to now man their desks 24/7. No one wants to do that, there's nothing gained for the vast majority of market participants.
 
mid_gen said:
If you open the exchange 24/7, then everyone needs to now man their desks 24/7. No one wants to do that, there's nothing gained for the vast majority of market participants.
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No they don’t, or at least not the vast majority of market participants. Sure market makers will need people to babysit the algos, then again who do you think provides the liquidity in various ECNs already or in other markets like FX etc… Again, news events don’t stop, there are after hours trading venues available…
 
DireEmblem said:
If you dont close markets, when does the day end, or how do you ensure the cut off for who does, or doesn't receive dividends?
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Pick a time relative to the local market.

I mean short term an obvious thing to do for a given exchange is just to leave a regular exchange as is and then open trading on an ECN or some after hours exchange at the close. Or indeed there isn’t anything stopping rival ECNs from being open anyway.
 
dowie said:
No they don’t, or at least not the vast majority of market participants. Sure market makers will need people to babysit the algos, then again who do you think provides the liquidity in various ECNs already or in other markets like FX etc… Again, news events don’t stop, there are after hours trading venues available…
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Think you're answering your own question here. There's no real need for exchanges to be open 24/7, that's why they aren't.
 
mid_gen said:
Think you're answering your own question here. There's no real need for exchanges to be open 24/7, that's why they aren't.
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Which question? I was objecting to the idea that "then everyone needs to now man their desks 24/7". In reality, we already have after-hours trading yet fund managers etc.. can still have their normal working day.
 
I don't even know why this post was dragged up from ages ago.

Anyway. The reason exchanges aren't open 24/7 is because it's a massive amount of hassle and expense to go 24/7 for very little benefit.
 
Guys please can we not create another Dowie hole in GD. It honestly isn't interesting/worth it/a way to live a life.
 
mid_gen said:
I don't even know why this post was dragged up from ages ago.

Anyway. The reason exchanges aren't open 24/7 is because it's a massive amount of hassle and expense to go 24/7 for very little benefit.
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Another poster quoted the post, I was just answering it - the question wasn't why aren't they but why can't they be - they could be and after-hours trading is indeed a thing.
 
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