Hey guys,
I have a question regarding market structure that I have asked in this forum before, but have not really received an answer. So I will ask it again in its own thread.
How exactly does the interbank market close for the weekend? Does Reuters and EBS shut down Friday at 5pm EST, just like the Australian Stock Exchange does every afternoon, or are orders matched at any time (including weekends)? If the deal matching systems do shut down, do the banks continue to trade via other mechanisms?
Also, how does the commencement of trading take place between the major banks at the end of the weekend? Is there an exact time that banks start trading with one and other?
Anyone have any ideas?
Cheers
I have a question regarding market structure that I have asked in this forum before, but have not really received an answer. So I will ask it again in its own thread.
How exactly does the interbank market close for the weekend? Does Reuters and EBS shut down Friday at 5pm EST, just like the Australian Stock Exchange does every afternoon, or are orders matched at any time (including weekends)? If the deal matching systems do shut down, do the banks continue to trade via other mechanisms?
Also, how does the commencement of trading take place between the major banks at the end of the weekend? Is there an exact time that banks start trading with one and other?
Anyone have any ideas?
Cheers