05-10-2010, 12:29 PM
I guess the problem is that a stock like Ford or Protor and Gamble is traded all around the world so the trading never really stops or breaks up into discrete chunks. Something I never really understood until my brother started working at Nasdaq is that a stock like PG could have more trading volume occur outside the NYSE then inside. The end lots end up "clearing" against the NYSE, but most of the electronic trading for PG occurs on Nasdaq exchanges and they "clear" at intervals with NYSE. Its probably the same for other global exchanges (I don't know for sure).
I think it will lead to 24x7 markets eventually since we're essentially there now, we just don't see that smooth curve in the graph because our graphing calculator was turned off while we slept. Of course, traders don't like to go to bed knowing that they could loose everything over night so they want their definite cut off time. But as the chart shows, trading is never really cut off at all.
P.S. to Maul: I think you Merkel did a great job straitening things out over the weekend (and yes, your wife is hot -- duh Jake).
I think it will lead to 24x7 markets eventually since we're essentially there now, we just don't see that smooth curve in the graph because our graphing calculator was turned off while we slept. Of course, traders don't like to go to bed knowing that they could loose everything over night so they want their definite cut off time. But as the chart shows, trading is never really cut off at all.
P.S. to Maul: I think you Merkel did a great job straitening things out over the weekend (and yes, your wife is hot -- duh Jake).
"Hamilton is really a Colossus to the anti republican party. Without numbers he is an host within himself. They have got themselves into a defile where they might be finished but too much security on the republican part will give time to his talents and indefatigableness to extricate them. We have had only middling performances to oppose to him. In truth when he comes forward there is nobody but yourself who can meet him. His adversaries having begun the attack he has the advantage of answering them and remains unanswered himself. For God's sake take up your pen and give a fundamental reply to Curtius and Camillas" - Thomas Jefferson to James Madison