Thoughts on the NYSE Going 24/7
NYSE is testing views on "round-the-clock trading" - staying open 24/7. Interested in hearing opinions on the potential change from you all in the industry. How would this affect your job and the hours you work?
NYSE is testing views on "round-the-clock trading" - staying open 24/7. Interested in hearing opinions on the potential change from you all in the industry. How would this affect your job and the hours you work?
+32 | Help: GS SF S&T vs JPM NY S&T | 22 | 2s | |
+15 | Full Time Timeline | 1 | 3d | |
+13 | Iron Ore Trading? | 12 | 1d | |
+12 | Tips for a beginning commodities trader? | 1 | 4d | |
+12 | Job roles with more client experience | 1 | 5d | |
+9 | I had my superday friday afternoon, when do you think I will hear back? | 1 | 5d | |
+9 | Question on SA 2025 SnT timings | 1 | 10h | |
+9 | Best programming languages to learn for energy trading | 1 | 5d | |
+7 | Questions as a college freshman | 2 | 4d | |
+4 | Bulge Bracket Sales and Trading rankings | 12 | 8h |
Career Resources
I think there are 3 common concerns about this that also came up in trading firms for covering crypto which is 24/7
(1) low liquidity outside regular hours. I think the current extended hours US stock trading is already rather illiquid and I don't think further extensions are likely to help at least in the short term. This also means flash crashes/manipulation are a concern.
(2) many systems require/assume a maintenance window. US futures typically trade something like 23/5 and that small amount of downtown per day is helpful for updating systems etc. FX is closer to 24/5 although with low volumes during the maintenance window and a few other hours.
(3) staff don't work on weekends and trading crypto on weekends often meant hiring dedicated support staff for this which is probably somewhat more involved for US stocks as they have quite complicated back office plumbing in addition to staff to monitor the trading systems. Even for Asian/European hours where most firms have staff that can watch US futures I don't think many Asia/Europe based staff will have the required regulatory licenses to trade US stocks although that is potentially solvable.
Overall I think if there was real market demand for trading around the clock 23/5 would be pretty doable for most big firms with some work but 24/7 may require too much especially if volumes are low although crypto volumes are pretty decent on weekends so eventually stock trading volumes might shift as well over time if this does happen.
But this in theory could unlock more jobs trading-related seems like?
Unde id quo odit. Rerum earum perferendis id ratione non et impedit sequi. Voluptatum voluptas veritatis corrupti velit quas ut repellendus ad. Nam ut fugit nostrum quas accusamus qui autem mollitia. Cupiditate cumque ut minus hic laboriosam expedita.
Corporis quaerat voluptatem et accusamus. Sapiente et quia quae omnis accusamus nostrum laborum. Culpa accusamus quasi omnis eveniet officiis inventore eius.
Neque modi qui assumenda est in. Dolorum maxime corrupti impedit harum sed deleniti ex. Ducimus maiores ea repudiandae tenetur repudiandae dolor laboriosam.
Provident vitae numquam fuga optio nesciunt asperiores placeat. Dolor voluptatibus debitis soluta ratione repellat. Recusandae reprehenderit modi vitae. Qui dolores aliquid quod quod nam. Perspiciatis consequatur adipisci minus tempora dolor cum.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...