Disliked{quote} FTI, I found something you said long time ago, I apologize if you already explained this in more details, but I just don't understand what you mean here. I understand about guards change, but what does it do to market? Could you please elaborate on this? Thank you sir!Ignored
Welcome
I believe what FTI meant is the effect of changing timezone and hence the book from Asian, then Euros, then the NYs.
Think of it, when the Asian "book keeper" come to work, the NY is off to bed/dinner after "transferring" to the azn guys .. when the Asian guy getting off, the euro guys will be getting work, and then joined back by NY soon after.
Hence, the london is usually the most busy while wellington is the thinnest.
more detail here:
http://www.investopedia.com/articles...ket-system.asp
hope that helps.
rgds
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