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Comment by huitzitziltzin | Hacker News Reader

Another interpretation is that this is generally how the FDIC likes to do things: take over on Friday and reopen on Monday. Not sure that will happen in this case but the regulators get two days to prepare to reopen, which at least in recorded US history is seamless and without risk for retail depositors.

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The 2-day shutdown is hence critical for the functioning of the financial system. Same for reporting earnings afterhours. Those calling for 24/7 trading are aloof of how entrenched systems need change management

You already have circuit-breakers and other ad-hoc stoppages. The market needs no rest every fricking day.

matt levine has a tongue in cheek post from ... march 2020 (jesus, nearly 3 years ago to the day) that the markets should only be open for 30 minutes. do your research in the other 23 hours and 30 minutes, and trade in the small window.

(https://www.bloomberg.com/opinion/articles/2020-03-12/the-bu... the section is called "thirty minutes")

Let's do something different. Market opens for all day but you are not allowed to cover a trade in under 6 months.

Why 30 minutes if you could just have a single auction per day?

Won’t we see “24hrs platforms to prepare trading” where transactions would get ranked and bet upon, until the auction-of-the-day, so, the platforms would act as the stock exchange and the actual auction be relegated to clerk approval of existing transactions?

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