Re:Morocco abruptly drops clock change
by iav on Friday October 26, 2018 @09:41PM
(#18313917)
Quite a few people work relative to market trading hours and customary times to hold earnings calls and roadshows. Sales people work around their store business hours. Schools have fixed schedules. Hours sadly dictate schedules for most people
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Re:Morocco abruptly drops clock change
by thaumasiotes on Saturday October 27, 2018 @04:37AM
(#18314889)
Tangent: what's the purpose of closing the financial markets overnight? Why not just have them open all the time?
It sure makes for more dramatic price graphs.
Because market participants (i.e. brokers) need to 'mark to market'. That is, they need to transfer the net of their gains and losses to counter-parties. This occurs after the market close. To have continuously trading markets would require changing the supporting systems and regulations that support this.
Re:Morocco abruptly drops clock change
by conanbatt on Saturday October 27, 2018 @06:41PM
(#18318115)
Surely thats a regulation thing, not an actual desire by the market.
Re:Morocco abruptly drops clock change
by thaumasiotes on Sunday October 28, 2018 @12:41AM
(#18319214)
That just shifts the question around. Why, as king, would you want to make sure that there's a period every day when no one is supposed to trade financial instruments?
Because the king doesn't want to take the responsiblity of overlooking the transactions everyday: just when he feels like it.
Re:Morocco abruptly drops clock change
by thaumasiotes on Sunday October 28, 2018 @02:50PM
(#18322196)
How does the one relate to the other?