SECURITIES : Stock Around The Clock

Stock Around The Clock

The New York Stock Exchange has not exactly stampeded toward a longer working day. In 1952 the Big Board extended the closing time 30 minutes, to 3:30 p.m., and in 1974 to 4 p.m. In 1985 the exchange moved the opening bell up 30 minutes, to 9:30 a.m. But exchanges in Europe and Japan trade N.Y.S.E. stocks when the Big Board is closed, typically handling an amount equivalent to 9% of the exchange's daily business. Now the Big Board is getting in gear. Last week chairman John Phelan unveiled a plan to move the N.Y.S.E. to 24-hour trading by the end...

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