4 ms·
The exchange lost a lot of revenue. Trader's and investor's time was wasted, you can't just change the open time without screwing up a lot of systems. Risk mana
by hnracer 6y ago
The exchange lost a lot of revenue. Trader's and investor's time was wasted, you can't just change the open time without screwing up a lot of systems. Risk management would've been an issue too, a lot of people crossing the spread to derisk and transferring wealth to market makers.
- throwaway0a5e 6y agoOpening late won't break much. Most systems will be like "well shucks there's no trades to process, better just sit here and wait". Opening early will break everything.