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Time to Make Market Close a Random Variable
Time to Make Market Close a Random Variable (flag)
paul.kedrosky.com — A WSJ piece tonight showing that end-of-day trading has risen to 26% of daily volume – up from 20% a year ago – is proof it's time for my solution to see the light of day: Make the daily market close time a random variable. No more end-of-day frantic covering, no more gap-filling, no more ETF ...
vote down Exchanges found this 12/15/2008
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NYSE Enhances MOC/LOC Handling for All Customers
Exchanges — ... that the closing hour accounts for 26.2 percent of daily volume in S&P; 500 stocks, says he has a better idea: make the timing of the close a "random variable." Thanks for the suggestion, Paul; we'll have to get back to you on that one! ...

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