Trading Hours

[MovingAverage]

Just got a call from someone that asked a pretty simply question that I've never really considered before.

The ASX opens 10am and closes 4pm. In this day and age of relatively fast and effecient electronic trading and settlement why is the market still only open 10am to 4pm? Why can't market hours be extended to 9am to 5pm? I'm sure there's a good reason, I just don't know what it is. Any ideas?

 

[Zaxon]

The ASX opens 10am and closes 4pm. In this day and age of relatively fast and effecient electronic trading and settlement why is the market still only open 10am to 4pm?

I'd go even further and ask why it can't trade 24 hours a day? If I can go to Amazon and buy a pair of scissors at 3 am, why can't I go to my broker and buy some BHP at 3 am?

The only downside to longer trading hours, is that the markets would be less liquid outside of business hours. But that's not reason enough to not let them trade. It just means wider spreads.

So many times I see the US market doing something crazy overnight. Imagine if you could immediately take action on the ASX, rather than having to wait 8 hours for it to open. Perhaps your competitive advantage could be that you're a night owl.

 

[Garpal Gumnut]

Why did the ASX open one hour before normal today?

My chooks woke me up early and luckily I was checking my SMSF on Commsec when it happened.

gg

 

[finicky]

Dear old fella
Daylight saving time/New South Wales/Date
Sun, 6 Oct 2024 – Sun, 6 Apr 2025

 

[divs4ever]

Why did the ASX open one hour before normal today?

My chooks woke me up early and luckily I was checking my SMSF on Commsec when it happened.

gg

Damn Silly Time returns to the ASX

but at least Queenslanders get to reduce the fading of our curtains

 

[Garpal Gumnut]

Poor people in Southern states.

The Doctors say there are more strokes and heart attacks when people are forced to lose an hour of sleep when DST comes in, and not just on that day, but every day for 6 months until they return to Australian time.

Anyways, trade on everyone no matter where you are.

gg