Early Thoughts on Late Trading
Traders Magazine, June 1999
When the National Association of Securities Dealers announced in May its intention to launch after-hours trading on Nasdaq, many applauded the move as a great benefit to retail investors. For the first time, investors placing orders in the evenings would be able to have their trades executed immediately.
But many equity traders have reservations about Nasdaq's intention to lengthen its day. Supporters and detractors alike are struggling to plan for extended trading hours not only on Nasdaq, but across Wall Street.
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