I'd like to hear your guys' opinion on this.
Should stock exchanges still have hours and be closed on holidays?
It made sense for them to have working hours and holiday's off when the majority of trading was done on the floor and, of course, those guys had to go home and eat at some point. However, nowadays, it's reported that over 85% of trades are done electronically. On top of that, many institutions have their trading plans automated and not even executed by humans. When it comes to retail investors, the case is that everybody is trading electronically or have their money in a fund that in turn trades electronically for them.
So in this current state of affairs, should trading still be restricted to only 6 hours a day and completely closed on weekends and holidays?
Seeing, also, how most people are at work during the market open, it would be easier for them to trade at later hours after they come home from work. Another argument can be that trading is global now, and if you live several time zones from New York, like in Hawaii for example, you'd have to wake up at 3am just to catch the opening bell. That hardly seems fair and it doesn't represent even ground for everybody involved.
So what do you guys think?
I know that I might be completely wrong or that I am missing some important factors, but it seems to me that at this time and age and technological advancements we should be able to trade the way we trade cryptos, 24/7.
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