11-30-2011, 02:33 AM
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| Why 24-hour Stock Trading Never Took Off
Interesting article about 24hr trading ... Quote:
Round-the-clock stock trading, once considered a natural and inevitable next step in an increasingly technology-driven, global market, is now widely seen by U.S. traders and exchanges as undesirable and unnecessary.
The reasons range from the practical — pallid investor demand that’s kept liquidity low — to the parochial. Stocks remain a local market for investors.
The difference between stocks and commodities is that there are people all over the world wanting to buy wheat. [But] not everyone around the world wants to buy Chuck E. Cheese stock. At some level, it’s that simple,” said Ian Domowitz, managing director at Investment Technology Group, an independent agency research broker
| Rest at: http://www.marketwatch.com/story/24-...why-2011-11-30 |
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