Keeping it open any longer than it is, is going to cause liquidity issues. We already have an aftermarket anyways.
why would a market open for long periods cause liquidity issues? I would expect that it _increases_ liquidity, as there'd be a trade available at all times, rather than just business hours.
only because they're not knowledgable enough. And if they're an amateur, they will lose to the pros - it's a shark infested trading market out there.
I don't see any problems with that.