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I do not see how this is not an open. They’re taking purchase and promote orders discretely, then resolving them to set the brand new value ranges and stop individuals getting screwed with large value fluctuations as everybody tries to guess a brand new honest worth, then opening for a correct buying and selling session for 4 hours. Individuals will nonetheless get screwed on large value fluctuations however to kowhere close to the extent they’d have in any other case.
For those who’re referring to the prevention of brief promoting, no matter what reddit tells you that is probably not the core perform of a inventory market and definitely not the way in which that redditors speak about it.
Edit: to be clear, a ban on brief promoting doesn’t forestall you from promoting shares you personal. It prevents you from taking a brief place, the place you achieve cash from a falling fairness value. I.e. It prevents you from promoting shares you do not personal.
Downvote all you need, this can be a market open. And it will be a massacre.
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