Steve Cohen-backed start-up bets on 24-hour buying and selling so buyers can react immediately to tweets (cnbc.com)
The way in which I see it this drastically harms particular person buyers not even simply retail buyers, It could hurt even particular person accredited buyers. 1 particular person cannot be awake 24 hours. Within the present system 1 particular person investor could not have the identical superior algorithms or data about sectors or single corporations however has the identical numbers of hours to react to market occasions as a Household Workplace, Hedge Fund or Funding Agency within the Inventory Market. 24 hour buying and selling would hand an insurmountable benefit to FOs and HFs and many others and many others as they’ve the budgets to interrupt as much as the 24 buying and selling session into three 8 hour or 4 6 hour intervals for instance and rent groups of individuals to work analyzing the market and doing every thing that happens throughout a traditional buying and selling day. If there may be going to be radical adjustments to monetary markets then essentially the most smart first step is to have 7 day buying and selling each day. That manner even when a retail investor would not have the time to be attentive to the inventory market on weekends a minimum of they may re-cap weekend buying and selling on Monday or Tuesday after the market closes or one thing.