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Time to Make Market Close a Random Variable

Exchanges found this 12/15/2008 on 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 ...