With NYSE looking to have 22 hr day. What impact do you guys feel this will have on the retail traders.
1. How will this impact gaps - up & down
2. How will news catalysts/ earning reports impact the market - will moves be as explosive?
3. How will liquidity, volatility and volume be impacted ?
4. Will the globalisation of nyse make liquidity better as participants from other time zones will then be able to contribute?
5. If news/earning reports breaks out during 1.30 to 9am - how do you guys think liquidity will be effected, do you think it will just be bots capitalising on moves and retail traders will from say us will have no time to react as they will be asleep and or if they are awake then have thin liquidity and so decide not to trade?
6. Will there be an auction like the current 9/9.30am?
7. How is everyone planning to adapt, given that such a move could possibly eliminate a lot of strategies that rely on market open and gaps?
8. How will the market structure change in regards to breakouts, consolidation, trends - with likelihood of lower liquidity and higher volatility
I apologise for the long post, I’m really worried about the potential changes and want everyone’s imput on what you guys think will happen.