Timeline for Why is the stock market closed on the weekend?
Current License: CC BY-SA 3.0
9 events
| when toggle format | what | by | license | comment | |
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| Jul 2, 2020 at 3:41 | comment | added | Chuck van der Linden | The folks that operate at the level I'm referring to are not likely to share their methods and insights with any more people than they have to. Also are a bit ego driven, and the implication that someone else could manage as well as they do isn't really part of their worldview. That they and not someone else has the secret sauce is baked into how they operate. Exact opposite of replaceable cogs in a machine. | |
| May 18, 2020 at 14:07 | comment | added | 7529 | @ChrisCalo And could you not have different humans working on different days of the week to make sure the weekend is covered? | |
| Nov 15, 2012 at 1:26 | comment | added | Chuck van der Linden | would you want those computers trading unsupervised? The other factor may simply be this as well, the folks with big money in the market don't want to have to watch it 24/7 (the market that is) and it benefits them to have the market open on a limited schedule so they feel they can be 'on top of things' as it were when it is open, and do not have to worry about some big move happening in the dead of night while they are sleeping. | |
| Oct 23, 2012 at 21:21 | comment | added | Chris Calo | This answers why humans are necessary, but not why the market is closed on the weekend. Would there not be enough volume without those humans driving trades? | |
| Jun 16, 2011 at 1:10 | vote | accept | Joe.E | ||
| Jun 15, 2011 at 20:05 | comment | added | Chuck van der Linden | Hedge funds don't tend to like trading into a liquidity restricted market because it gets too expensive due to exaggerated price changes in response to what the hendge fund would be trying to accomplish. E.g increasing prices when they buy, falling prices when they try to sell. So hedge fund traders what to trade during the periods of maximum liquidity in order to get the best prices when both buying and selling. So while you might think they would monitor, it's mostly limited to following news, not prices on after hours markets | |
| Jun 15, 2011 at 19:51 | comment | added | Chuck van der Linden | Have you looked at the volumes that transact in various 'after hours' markets vs what transacts when the market is open? The alternate markets exist for those that really want them, which is another reason we don't NEED the main markets open 24/7. | |
| Jun 13, 2011 at 14:40 | comment | added | Joe.E | I would think that the big players like hedge funds and banks and such would be monitoring the stock 24/7 regardless of whether the market is open. It's always day time somewhere in the world. With that in mind, I still don't understand why close the market? The futures market get traded whilst the market is closed. | |
| Jun 13, 2011 at 8:15 | history | answered | Chuck van der Linden | CC BY-SA 3.0 |