They say that stocks go down during the day and up at night

Re:They say that stocks go down during the day and up at night by toast0 on Tuesday February 07, 2023 @12:01PM (#34695372)

> Exchanges are also closed on various bank holidays which are different in every country

You can't settle on a bank holiday, because the banks are closed. If you trade on a day you can't settle, you're going to have two days of trading settling on the same day later, which is going to be weird.

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Re:They say that stocks go down during the day and up at night by turbonaut on Tuesday February 07, 2023 @01:46PM (#34697155)

Weird or not, it happens in spot foreign exchange.

For example, if there’s a US holiday on a Friday then EUR/USD trades conducted on the Wednesday and Thursday would both typically settle Monday.

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Re:They say that stocks go down during the day and up at night by vjk800 on Tuesday February 07, 2023 @01:52PM (#34697261)

I count banks as part of the world of finance. Why do bank transactions need to stop during bank holidays? They are done by computers nowadays.

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Re:They say that stocks go down during the day and up at night by toast0 on Tuesday February 07, 2023 @03:08PM (#34698690)

Because the bank is on holiday. That's right there in the name.

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