LONDON - U.S. .
The New York Stock Exchange , for example, closed for four days following the 9/11 attacks in 2001, for two days during a severe hurricane in 2012, and for the rest of the day after President John F Kennedy’s assassination in 1963. There are already roadbumps known as circuit breakers to deal with extremes in trading, and they have been triggered several times on the NYSE in recent sessions to halt dealings for a few minutes.
OTC trading would need to be stopped as well to avoid users having an unfair advantage over other market participants. OTC trading base prices stem in many cases from exchanges. Four EU countries have gone ahead with bans on short selling but others have refused to follow suit. The bans have not stopped a broad market rout in shares across Europe.
Bank of England Governor Andrew Bailey said on Wednesday that as long as markets are not out of control, then keeping them open is important. The London Stock Exchange has said it has no plans to suspend trading.
Munchkin only cares that the S&P headed downwards is gonna hinder the re-election of his scabby boss, that's why he wants to shorten market hours....
We should really go after the cause (or virus) of the 9,000 point drop, algorithms. Turn off electronic trading using algorithms and watch the market go back up slowly. 1929, 2008, 2020 - Wall Street did it!
Surely in a 'free' market the exchange should stay open and we let the chips fall where they may. If a few millionaires take a header off the roof, well that's the price of capitalism.
Munchkin-close the markets till April 1 then get everyone back to work in the 43 states like the other 7 states that didn’t shut down 👿💵💰🇺🇸
Don't do that! Short trade time express less confidence.
Oh yea, this should be great. Let's just shut it down like the Philippines That worked out well
The Fed seems to have endless authority to pump money into the banking system, but it's left to the ravages of politics to help the 90% of people affected by this disaster.
Trump economy: “Stop the free traders, stop free trade, prevent them from moving their own money, cause a recession if thats what it takes” Explain to me how he is NOT a communist please.
Shorten the futures hours rather than NYSE, will do wonders for stability 😀
Let the hero's do their job. If you want to support those heros than do the right thing!
So long as corrupt politicians still get time to trade, it should be fine!
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Source: WSJ - 🏆 98. / 63 Read more »