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Stocks are a very, very small part of the financial markets. Forex and futures markets are open most of the week and a lot more money flows through them. Fore
by brobinson 11y ago
Stocks are a very, very small part of the financial markets. Forex and futures markets are open most of the week and a lot more money flows through them. Forex alone accounts for about five trillion USD per DAY of money movement. Stocks are barely a blip on the radar in comparison.
- kasey_junk 11y agoAnd yet all of the major exchanges have mandated down times that even small e-retail operators would kill for. This thread has reached sort of silly proportions. Of course electronic trading impacts most people's lives even if they don't want it to, but in reality the markets are largely self correcting at this level, so even if there is some oddity associated with the leap second it likely won't have long term (or maybe even observable) impact on the wider world.
- brobinson 11y agoAgreed on all points!