Re:Understanding Jane Street
by NavinF on Tuesday August 02, 2022 @10:50AM
(#32319234)
Legacy reasons.
You can trade outside of market hours just fine and many products (e.g. E-mini S&P 500) trade all night. It's just that a lot of companies publish news right after the market closes so prices are more volatile. And people sleep or play videogames at night so there's less liquidity.
You can trade outside of market hours just fine and many products (e.g. E-mini S&P 500) trade all night. It's just that a lot of companies publish news right after the market closes so prices are more volatile. And people sleep or play videogames at night so there's less liquidity.