Stock markets are open 7 days a week, 24 hours a day, as the wish of American billionaire Steve Cohen, who owns a hedge fund. He applied to the stock market regulator. The New York Stock Exchange audits its members.
Never close the stock markets. This question has become hot in recent years, especially due to the activity of 24-hour cryptocurrency exchanges, US Treasury accounts or large currencies.
After the opinion of American billionaire Steve Cohen, the New York Stock Exchange launched an investigation of market participants. Because of the moment, their exchanges only happen from Monday to Friday between 9:30 am and 4 pm (local time).
If it took the step of permanent opening, it would gain a competitive advantage over other stock exchanges. But on the other hand, negotiation costs could be higher.
Several advantages of permanent exposure
According to Artair Jurus, chief strategist at the private bank Oddo BHF Suisse, the project is feasible, but “it must mobilize resources, be present 24 hours a day and ensure a closer monitoring of operations “. So it would have to respond to real demand before being established, according to the analyst, and it will take time to materialize.
However, a permanently open stock exchange would have several advantages for Arthur Jurus: “Investors would have more flexibility to make transactions at any time of the day. There would also be better price confirmation, especially when there are events special happening.”
This would avoid waiting for the stock markets to open, and thus have a faster and faster impact on prices, “which could reduce volatility and increase liquidity in the financial markets.” “
Radio subject: Jean-Philippe Rutz
change nets: done
2024-04-23 16:56:29
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