Well, soon enough it’ll be 24/7. Buckle up!
The problem with markets only open 8½ hours a day (and only 5 days a week!) – a problem which I of course would not call a problem, but what does stupid Goofy know … tsk, tsk – will be “solved” soon enough.
The WSJ: Big U.S. exchanges are working on plans to offer digital tokens that mimic shares and trade 24/7 – in article Tokenized Stocks Are Coming to a Market Near You: Five Things to Know.
As always, Charlie (Munger) to the rescue for the simple (but true) explanation: “Show me the incentive, I’ll show you the outcome.”
Who benefits always (and probably most) from an always open exchange? Hmm, dunno … maybe folks who can charge seemingly insignificant tiny ‰ clearing fees on trades not just 8 hours a day 5 days a week but now 24 hours a day 7 days a week? Not really going out on a limb, but more trading hours lead to more trades, probably …?
And the clearing house guys will always make money, doesn’t matter whether bull or bear markets – more number of trades is what matters for them!
I’m just a speculating dumb dog, of course … woof!