“It seems like a great idea to be able to trade all the time. But you think back to the great financial crisis and the things that they had to do on the weekends to make these deals happen, because the only time that they could put them together was when there wasn't trading, active trading.”
sputnikintelligence.com
Responding to the idea of 24-hour perpetual futures trading, Quick pushes back with the 2008 example, when rescue deals were put together over weekends because markets were closed. Her point is that always-open markets remove the pause crisis managers have relied on.
actually looked at it. When I saw this tweet, I looked at it to make sure it was really Stan who put it out because it sounded so unusual. He doesn't tweet very often. He doesn't put things out very often. I looked it up to make sure it was actually him.
…is whether all of this gets regulated, how this all gets worked out, and whether you think... I think it's good. I think it's probably good to be able to trade from a technical liquidity perspective all the time. There's probably a secondary question socially about trading 24 hours a day. I
was actually wanted to ask you about this because it seems like a great idea to be able to trade all the time. But you think back to the great financial crisis and the things that they had to do on the weekends to make these deals happen because the only time that they could put them together was when there wasn't trading, active trading, and had to get like in a time of a crisis. Yes,
in a crisis, this could exacerbate things. That is a real question. Are there trading curbs, right? Right. And this effectually means there's no trading curbs at all. Weekends
are like natural trading. And a lot of times cooler heads do prevail after
a little while. I mean, this you just shoot first and ask questions later. Right. Well, and that's the question. Do you want the sort of natural liquidity of like life to be able to work all the time? And you want to be able to trade on it at any moment, be able to trade exactly on what you think…