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20 sats \ 4 replies \ @Wumbo 7 Mar \ on: Nasdaq to offer 24-hour trading on its stock exchange Stacker_Stocks
I think this will have wide reaching ramifications.
Couple predictions:
  • Companies will likely change when they release earnings. No more "after the bell"
  • Governments will likely want more Circuit breakers .
  • Will Banks follow and have more 24/7 hours.
  • Will professional traders have to change their daily life plans. No more taking off on the weekends.
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10 sats \ 2 replies \ @Coinsreporter OP 7 Mar
These ramifications are alright but with Bitcoin on 24 hours the world already knows how to deal with 24 hours trading.
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20 sats \ 1 reply \ @Wumbo 7 Mar
The world knows how to deal with it. But I am guessing Governments will "discover" some new crisis because of it and want more control.
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0 sats \ 0 replies \ @Coinsreporter OP 7 Mar
Yes, this will be a new challenge for the government. They will need more watchdogs and good ones with night vision.
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0 sats \ 0 replies \ @Cje95 7 Mar
  • Several services offer 24 hour markets and they don’t include the weekends.
  • Banks in the US at least are on the FEDNow track that gets ride of all the delays ie three days to settle a CC transaction.
  • Circuit breakers are likely to stay the same since they are percentage driven. There won’t be a need esp in the US under the Trump Admin
  • The stock market will still have typical business hours so morning and late afternoon releases will likely remain. Companies aren’t going to inconvenience themselves. I guess some could move to noon if they wanted but it isn’t like they are going to do a midnight release now.
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