Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : After Hours Trading(ECN)-The Coming 24/7 Trading Explosion -- Ignore unavailable to you. Want to Upgrade?

To: C who wrote (23)	4/7/1999 12:26:00 PM
From: Lola	Read Replies (1) \| Respond to of 314

The way people trade and invest is going to change dramatically in the next few months and years. I will even be so bold to say that we will soon have commissionless trading for all. It's going to happen. That's Internet commerce, watch and learn. As for the the illegal types out there, well the SEC has their hands full. I hope they are multiplying their staff every day. We don't want the whole world to find out what a mess the Nasdaq is in. Lola

To: C who wrote (23)	4/8/1999 12:40:00 PM
From: Cash	Read Replies (2) \| Respond to of 314

It appears that 24 hour trading would negatively affect those in "the business" the most. These people being the MMs, Specialists, daytraders, brokers, etc. As a daytrader, how would I determine when to start and stop. What about all my strategies timed to market times: on opening, noon-baloon, 3:30, MOC, etc.? As a fund manager, I'd have to have a pager implanted to get alerts in the middle of the night before it's too late. The brokerages will need to staff up so someone will "be there" if a trade comes in or if there's a problem with a system. That'll cost them some extra $$$. It'll be a boon for hi-tech people in the financial industry that like to work 2nd and 3rd shift. But for the "investors" or swing traders, it could be nice. As a swing trader, I've had a stop order executed 5 pts. below where I set it because that's where the market "opened". If the market had been open overnite and that was a stop on an ECN, I would've had a chance of being hit as the market degraded and would be more likely to get a better price. The same goes with investors for stop orders. As a swing trader, I've missed entry points because a stock gapped open past the point I wanted to get in. I'd hope to catch some of those sooner. But then again, with those thin markets, someone with a lot of capital could do some serious harm, if you can knock a few points out of a stock at 2am because no one is there to catch it, then when you do get to the support, you can be the support, catch the "scared" stock coming in when people wake up, and then sell back at the market's prior close when the big boys come back and put the stock back at it's rightful price. The possibilities are endless, but it'll require new thinking and changes of mindset and one thing people do not like to do is change.