#bstockscis @BinanceCIS The “24/7” label matters less to me than whether anyone actually uses those extra hours.
In Binance’s early bStocks sample, around 47% of trading volume happened outside traditional U.S. market hours.
That is almost half.
But I wouldn’t stop at “people like trading off-hours.” The next question is more interesting: what happens to spreads, order-book depth and execution when the primary listed market is closed?
For $SPCXB, volume tells me there is activity. Liquidity quality tells me what that activity actually looks like.
Those are two different metrics.
In Binance’s early bStocks sample, around 47% of trading volume happened outside traditional U.S. market hours.
That is almost half.
But I wouldn’t stop at “people like trading off-hours.” The next question is more interesting: what happens to spreads, order-book depth and execution when the primary listed market is closed?
For $SPCXB, volume tells me there is activity. Liquidity quality tells me what that activity actually looks like.
Those are two different metrics.
