Shorten the trading day? WTFFFFF

[S2007S]

Anything to keep stocks from falling. How come they dont limit the trading hours when the markets were skyrocketing for a decade!!!



https://www.cnbc.com/2020/03/17/tre...tay-open-but-could-shorten-trading-hours.html

 

[Cuddles]

Yes, we need more volatility. This will certainly instill investor confidence

 

[LS1Z28]

I would assume this is due to the outbreak in New York, and not due to volatility. Hopefully it doesn't come to that.

 

[2rosy]

I would assume this is due to the outbreak in New York, and not due to volatility. Hopefully it doesn't come to that.

what does new york have to do with this?

 

[qlai]

The last thing we need is more uncertainty. Imagine how many algos/systems will have issues when closing times change!

 

[S2007S]

I would assume this is due to the outbreak in New York, and not due to volatility. Hopefully it doesn't come to that.

Is t everything like 93% electronic trading now? So no need to worry about actual traders handling the trades

 

[tiddlywinks]

Wuhan virus is affecting ETs ability to read and comprehend!!

It's on the table. So what?


“Everybody wants to keep it open,” Mnuchin said at a news conference, responding to a question about stock market opeations. “We may get to a point where we shorten the hours if that’s something they need to do. But Americans should know we are going to do everything to make sure that they have access to the money in their banks, to the money in their 401(k)s and to money in stocks.”

The comments came amid a pledge to do whatever it takes in terms of financing or regulations to keep the U.S. economy operating. Markets soared on the comments


Geezus people... quarantine yourselves!

 

[LS1Z28]

Is t everything like 93% electronic trading now? So no need to worry about actual traders handling the trades

https://business.inquirer.net/292658/pse-shortens-trading-hours-amid-mm-wide-curfew
PSE shortens trading hours amid MM-wide curfew
The Philippine Stock Exchange has agreed to shorten its daily trading session during the month-long lockdown of Metro Manila to contain the coronavirus (COVID-19) pandemic. From March 16 to April 14, trading at the PSE will close at 1pm instead of 330pm, the PSE said in a memorandum issued on Sunday.

The PSE recently announced they were shortening their hours due to a lockdown in the area. That's probably what prompted this question. I'm not sure how much manpower is required to keep things going electronically, but it could be difficult during a lockdown. Like I said, hopefully it won't come to that though.

 

[tiddlywinks]

No offense to the Philippines or it's peoples but...
No comparison to the global financial stature and predominance of New York and Chicago USA.

As of September 15, 2014, the Philippine Stock Exchange has 261 listed companies with a total market capitalization of Php17.41 trillion. There are 133 active trading participants registered at the PSE. https://en.wikipedia.org/wiki/Philippine_Stock_Exchange

 

[trdes]

Yes, we need more volatility. This will certainly instill investor confidence

We think exactly alike. Another issue was the range today it was just too small to trade as well, only like a 463 point NQ range from hi to low. We only did 75% of daily atr today... not to mention no circuit breakers, only limit up last night.