Odds of futures market closing?

mauzj

Well-known member

Messages

357

Likes

37

• Oct 26, 2008

• #1

On Friday, and in today's Sunday Papers, there were stories that the stock markets may be forced to close for a week or two.

Has this happened in the past? If so....

- Do they give prior warning of the closure, in order to allow traders to close their positions, or do they just announce it suddenly?

- If there's a closure of stock markets, will the futures markets be forced to close as well?

 

arabianights

Legendary member

Messages

6,721

Likes

1,380

• Oct 26, 2008

• #2

They didn't shut the dow futures when the NYSE was shut by Mr. Bin Laden and friends.

I would expect any announcement to be sudden.

 

A Dashing Blade

Experienced member

Messages

1,373

Likes

170

• Oct 27, 2008

• #3

Hong Kong closed for a week or so in 1987 after the crash, Russia just closed for 3-4 days.

 

new_trader

Legendary member

Messages

6,770

Likes

1,655

• Oct 27, 2008

• #4

It would be an utter disaster if they did!! Banning short-sales didn't fix things, pumping $£Billions into the banking system didn't fix things, printing money and lowering interest rates didn't fix things and closing the markets won't fix things either. I wish the people in charge of "fixing" things would listen to Jim Rogers!

To me, closing the markets would be like locking people who are trying to escape inside a burning building until they stop panicking....what happens the second you open the doors??

 

trader_dante

Veteren member

Messages

4,535

Likes

1,535

• Oct 27, 2008

• #5

new_trader said:

To me, closing the markets would be like locking people who are trying to escape inside a burning building until they stop panicking....what happens the second you open the doors??

Click to expand...

Everyones dead?

 

F

fantastic4

Active member

Messages

164

Likes

6

• Oct 27, 2008

• #6

How hedge funds get the money to pay their margin calls if the market were shut?

 

arabianights

Legendary member

Messages

6,721

Likes

1,380

• Oct 27, 2008

• #7

Close their eyes an dpray?

 

1Pipped

Well-known member

Messages

273

Likes

35

• Oct 27, 2008

• #8

Dead but still wearing watches and jewellery? and the doors are now open you say hmmm? hmmm!

 

new_trader

Legendary member

Messages

6,770

Likes

1,655

• Oct 27, 2008

• #9

fantastic4 said:

How hedge funds get the money to pay their margin calls if the market were shut?

Click to expand...

For those that are not capable there is welfare and even charity

 

P

PKFFW

Established member

Messages

535

Likes

140

• Oct 27, 2008

• #10

new_trader said:

For those that are not capable there is welfare and even charity

Click to expand...

So you agree they at least wouldn't be cold and hungry hey?