Why is trading not 24/7?

Just because a market is open does not mean you have to trade. It could be good for the economy. Have a nightshift Goldman Sachs for example. All those laid off wallstreet folks could work the night shift and others do weekend rotations.
 
There is a lot of legacy stuff from the pre-computer era, not just market hours. For example settlement could nowadays easily be instant instead of tom/next, or interest payments could be realtime instead of o/n. It would even make sense. But I guess its nigh impossible to get everyone to agree to new conventions (not to mention expensive IT upgrades and so on).
 
Quote from southbeach4me:

why don't you concentrate on improving your strategy(s), and thus being more profitable instead of asking retarded, non important questions?
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:D you are funny.
 
Quote from KINGOFSHORTS:

It could be good for the economy. Have a nightshift Goldman Sachs for example. All those laid off wallstreet folks could work the night shift and others do weekend rotations.
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good point
 
You have 4 hours of pre-market and 4 hours of post-market trading, you can buy and sell stocks and ETFs 14.5 hours a day, that is enough for most people. On the CME/Globex you can trade futures 23 hours a day.
 
Quote from noob_trad3r:

Its all computerized so why not?
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It is almost 24/5.. however it is still not 'all computerized', you still need tech support people to troubleshoot the computers as software/hardware/networks are not 100% reliable.

At the weekend, lets say if some major black swan news event comes out.. the markets go crazy and you only have token crew at the exchanges and at your brokers.. they wont be able to handle any problems.
Also the market makers probably arent interested in making markets at the weekends for similar reasons.
 
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