6 ms·

Wouldn't you like to sleep, at some point?

by jperras 11y ago

aianus 11y ago
Banks can (and already do) have multiple shifts. I used to work for a forex broker (forex is 24h a day) and we had offices in different timezones (Toronto, New York, London, Singapore) so we would always have trader coverage without requiring night shifts.
- branchless 11y ago
  And you had full 3rd level knowledge of all issues in all regions? Or key people in key regions who got woke up a lot? They should run these things for an hour a day 4 days a week. It's just a game, we don't need this.
  - aianus 11y ago
    You don't have to participate. But I don't see how it's your business if people want to trade equities 24h a day any more than if people want to open a 24h McDonald's.
    - branchless 11y ago
      It's not "my business" but it's my opinion that tech has enabled far more finance business to occur and that this is not "a good thing". Finance needs to be a means to an end not the end in and of itself.
    - toomuchtodo 11y ago
      Adding more trading hours to the day doesn't serve a productive purpose.
      - monochromatic 11y ago
        "I don't see a reason for this, so you shouldn't be allowed to do it." Not very good reasoning. It's not exactly on point, but I'm reminded of a quotation from G. K. Chesterton: > In the matter of reforming things, as distinct from deforming them, there is one plain and simple principle; a principle which will probably be called a paradox. There exists in such a case a certain institution or law; let us say, for the sake of simplicity, a fence or gate erected across a road. The more modern type of reformer goes gaily up to it and says, “I don’t see the use of this; let us clear it away.” To which the more intelligent type of reformer will do well to answer: “If you don’t see the use of it, I certainly won’t let you clear it away. Go away and think. Then, when you can come back and tell me that you do see the use of it, I may allow you to destroy it.”
        toomuchtodo 11y ago
        I'm not saying you shouldn't be allowed to, I'm saying that even if it was permitted, it wouldn't be productive. I mean, this is Hacker News. We discuss all day about what should or shouldn't be done. If you want action, go out and do it. Otherwise, we're just armchairing all of this.
      - deleted 11y ago
        [deleted]
      - aianus 11y ago
        > Adding more trading hours to the day doesn't serve a productive purpose. Sure it does. Why should Chinese investors only be able to trade US equities from 9:30pm to 4:00am?
ant6n 11y ago
I worked late night that Sunday, slept through the whole thing on Monday :( They should start the trading day later, so I can sleep longer.
ryanlol 11y ago
Companies don't sleep, individual traders are fucked anyway.

Wouldn't you like to sleep, at some point?

by jperras 11y ago

Wouldn't you like to sleep, at some point?

Banks can (and already do) have multiple shifts. I used to work for a forex broker (forex is 24h a day) and we had offices in different timezones (Toronto, New York, London, Singapore) so we would always have trader coverage without requiring night shifts.

branchless 11y ago
And you had full 3rd level knowledge of all issues in all regions? Or key people in key regions who got woke up a lot? They should run these things for an hour a day 4 days a week. It's just a game, we don't need this.
- aianus 11y ago
  You don't have to participate. But I don't see how it's your business if people want to trade equities 24h a day any more than if people want to open a 24h McDonald's.
  - branchless 11y ago
    It's not "my business" but it's my opinion that tech has enabled far more finance business to occur and that this is not "a good thing". Finance needs to be a means to an end not the end in and of itself.
  - toomuchtodo 11y ago
    Adding more trading hours to the day doesn't serve a productive purpose.
    - monochromatic 11y ago
      "I don't see a reason for this, so you shouldn't be allowed to do it." Not very good reasoning. It's not exactly on point, but I'm reminded of a quotation from G. K. Chesterton: > In the matter of reforming things, as distinct from deforming them, there is one plain and simple principle; a principle which will probably be called a paradox. There exists in such a case a certain institution or law; let us say, for the sake of simplicity, a fence or gate erected across a road. The more modern type of reformer goes gaily up to it and says, “I don’t see the use of this; let us clear it away.” To which the more intelligent type of reformer will do well to answer: “If you don’t see the use of it, I certainly won’t let you clear it away. Go away and think. Then, when you can come back and tell me that you do see the use of it, I may allow you to destroy it.”
      - toomuchtodo 11y ago
        I'm not saying you shouldn't be allowed to, I'm saying that even if it was permitted, it wouldn't be productive. I mean, this is Hacker News. We discuss all day about what should or shouldn't be done. If you want action, go out and do it. Otherwise, we're just armchairing all of this.
    - deleted 11y ago
      [deleted]
    - aianus 11y ago
      > Adding more trading hours to the day doesn't serve a productive purpose. Sure it does. Why should Chinese investors only be able to trade US equities from 9:30pm to 4:00am?

ant6n 11y ago

I worked late night that Sunday, slept through the whole thing on Monday :( They should start the trading day later, so I can sleep longer.

ryanlol 11y ago

Companies don't sleep, individual traders are fucked anyway.