Market Structure
Trading rules, exchange regulation, and the microstructure of American markets.
The 24/7 Exchange: The Mechanics and Risks of Round-the-Clock Stock Trading
Proposals for 24/7 stock exchanges face liquidity, settlement, and market-maker challenges that crypto markets don't share. This guide explains the DTCC clearinghouse problem, spread widening, and why weekend trading costs more than investors expect.
In SEC