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By:
OMC Financial Services
Posted On:
2/20/2018 12:00 PM
A major securities firm has launched 24 hours of trading, 5 days a week. Is this a trend and does it benefit investors?
How it works:
Extended hours trading is different from the current pre and post market trading which is from 4 a.m. to 9:30 a.m. and from 4 p.m. to 8 p.m. Investors can now invest from 8 p.m. Sunday EST to 8 p.m. Friday EST, 5 days per week, except stock market holidays.
Initially it is limited to 12 Exchanged Traded Funds which are highly liquid.
Only a single trading market is available.
Why should investors be concerned?
There is increased risk for investors because there is no price protection.
As competitor brokerages offer the same service will it add to market volatility?
This is experimental and changes can occur. Will clients be notified in a timely manner?
How will extended market trading affect the portfolio of investors who don’t participate?
Will future regulation of the security industry result?
