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Quite a few people work relative to market trading hours and customary times to hold earnings calls and roadshows. Sales people work around their store business
by iav 8y ago
Quite a few people work relative to market trading hours and customary times to hold earnings calls and roadshows. Sales people work around their store business hours. Schools have fixed schedules. Hours sadly dictate schedules for most people
- deleted 8y ago[deleted]
- thaumasiotes 8y agoTangent: what's the purpose of closing the financial markets overnight? Why not just have them open all the time?
- andai 8y agoIt sure makes for more dramatic price graphs.
- conanbatt 8y agoSurely thats a regulation thing, not an actual desire by the market.
- thaumasiotes 8y agoThat just shifts the question around. Why, as king, would you want to make sure that there's a period every day when no one is supposed to trade financial instruments?
- conanbatt 8y agoBecause the king doesn't want to take the responsiblity of overlooking the transactions everyday: just when he feels like it.
- thaumasiotes 8y agoHow does the one relate to the other?
- Khaine 8y agoBecause market participants (i.e. brokers) need to 'mark to market'. That is, they need to transfer the net of their gains and losses to counter-parties. This occurs after the market close. To have continuously trading markets would require changing the supporting systems and regulations that support this.