NYSE nearer 24-hr. trade in after-hours plan

From: Chicago Sun-Times | Date: June 15, 1990| Author: | Copyright information

NEW YORK With a proposal unveiled Thursday for the New York Stock Exchange, Wall Street has moved a step closer to what some say is the inevitable day when the stock market operates around the clock.

But financial observers caution that 24-hour trading, an idea that has been under discussion and study for the past two decades or more, still is likely to develop only slowly and in stages.

In any event, they say, the image of mad midnight scrambles to buy IBM or sell AT&T remains a distant prospect rather than an impending reality. The plan's goal is round-the-clock trading by the year ...

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