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 Extended Trading Hours (Page 1)
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| Author | Topic: Extended Trading Hours |
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trentr |
posted 02-17-2000 09:51 AM
 
Dude, You are right, I guess there would sometimes be pricing inefficiencies due to the lack of liquidity. I don't think making a habit of trading often after hours would be a good idea because of the spreads. It would mostly be useful for companies that report earnings after hours and are moving in one direction or the other before the market opens. Of course, that's only if you are an investors who cares about quarterly earnings. |
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dude |
posted 02-15-2000 12:26 PM
> The spread in after hours trading (granted this data is from jan-june 1999 so its probably improving slowly) was about 1% of the stock price, whereas the spread during regular trading hours on the Nasdaq was less than .5%. Why do people do it? 1. If you won't be able to sleep tonight unless you sell that stock. (not a very good reason) 2. If you think the lack of after-hours liquidity is presenting an opportunity in the form of a pricing inefficiency; i.e. the stock moved in after hours trading, but not the right direction and/or magnitude, and you think it will move again when the market opens in the morning. (this one might work, but I don't have any first-hand experience with it.) |
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InvestorGuide Weekly Administrator |
posted 02-15-2000 10:59 AM
After-hours trading is taking off, slowly. http://yahoo.cnet.com/news/0-1007-200-1543209.html Tradescape.com, one of the nation's largest day trading firms, has agreed to pay $100 million in stock to acquire MarketXT, an electronic trading system that offers stock trading in the evening. |
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bobcobb |
posted 02-10-2000 02:23 PM
The spread in after hours trading (granted this data is from jan-june 1999 so its probably improving slowly) was about 1% of the stock price, whereas the spread during regular trading hours on the Nasdaq was less than .5% Why do people do it? |
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tipster81213 |
posted 12-21-1999 05:53 AM
http://www.freedomtrade.com plans to be the first Offshore Online Brokerage Firm to offer After hours TRading. |
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InvestorGuide Daily Administrator |
posted 12-03-1999 06:13 PM
Japanese investment company Softbank has been in talks to buy a large stake in Island ECN, an electronic stock trading network, according to a New York Times report. |
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InvestorGuide Weekly Administrator |
posted 11-29-1999 01:21 PM
Eletronic Communications Networks (ECNs) are profilerating, but will they still be around in a few years? http://www.business2.com/articles/1999/11/content/investing_3.html |
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InvestorGuide Weekly Administrator |
posted 10-24-1999 07:25 PM
Money Magazine gets you up to date with all the recent developments in after-hours trading. http://www.pathfinder.com/money/magazine/mdc/trends/archive/9911.afterhours.html |
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banka |
posted 10-13-1999 08:59 AM
Patience, grasshopper. Brokerages are starting to get behind extended trading hours, and it's gaining momentum. A year from now, I don't think it will even be called "after-hours trading", because that implied that it's trading after the market has closed, but by then the line between open and closed will be completely blurred. The main hurdles are educating individual investors and gaining enough trading volume so that the bid/ask spread is nearly the same as it is during regular hours. But it's a question of when, not if. |
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humanity |
posted 10-12-1999 12:31 PM
Over on MarketXT last night, it was a small world after all. Disney shared the top slot with Bank of America and Unisys, each trading 1,000 shares. If this is going to be the standard with after hours trading, leave me out. I understand that the principle of increasing returns will basically govern the trading (a self-feeding monster), but how long will it take? |
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InvestorGuide Weekly Administrator |
posted 10-11-1999 09:06 AM
Fidelity, Charles Schwab and DLJ Direct all announced plans to begin offering after-hours trading by the end of next month. Also, the Nasdaq and the NYSE postponed the use of after-hours tickers until October 25th, at the request of brokers who weren't ready for the change. |
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bobcobb |
posted 09-20-1999 12:20 PM
I was just wondering if anyone knew why online after hours trading has been such a bust? Is it because investors are just so wary of the large spreads and thinly traded stocks? thanks bob |
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gatsby |
posted 09-16-1999 09:19 AM
Eight ECNs are expected to announce Thursday that they will partner by linking their systems and building a consolidated order book to produce more order flow, and thus more productive after hous market. The following ECNs have signed the document: Instinet; Island; Archipelago; BRUT; Strike Technologies; REDIbook; Charles Schwab, Speer Leads & Kellogg and DLJ; and Bloomberg's Tradebook and MarketXT. The agreement stipulates that they will contribute to a consolidated tape, improving investors' chances of getting the best possible execution of their order during the lightly trafficked after-hours sessions. To me this seems like a great idea; finally people going through Instinet, for example, will be able to have access to offers through Market XT, rather than just other Instinet customers. I think more people will be likely to try this now, knowing they will see all the numbers. |
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InvestorGuide Weekly Administrator |
posted 09-13-1999 11:00 AM
Merrill Lynch announced it's joining Goldman Sachs, J.P. Morgan and others by taking an equity stake in ECN Archipelago. http://www.nypost.com/business/13838.htm |
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InvestorGuide Weekly Administrator |
posted 09-06-1999 02:39 PM
Salomon Smith Barney became the first full-service brokerage to announce plans to offer after-hours trading. http://www.herring.com/insider/1999/0902/inv-salomon.html |
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