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05-12-2014, 01:44 PM
(This post was last modified: 05-12-2014, 01:44 PM by Harvest Time.)
Lunch break for local market may not be suitable.
For big countries, they have different time zones, hence lunch break for them is not meaningful as different part of the countries lunch time are different.
This apply to very big countries like Russia, Canada, USA, China Australia.
For China, they declare one time zone for the whole country, they still have lunch trading break.
In Europe, quite a lot uses Euro. Some traders can trade different countries as long as they use Euro.
So, lunch break may not be suitable if the exchange want to attract oversea players. Big retailer players have enough money to have different ccy acct for trading various countries. One should avoid keep on converting one ccy to another ccy for traders. It will eat up the profit for traders due to exchange rate differences.
In Asia, lunch trading break are common except Singapore.
I prefer to have lunch break but this not is not real big issue.
For big countries, they have different time zones, hence lunch break for them is not meaningful as different part of the countries lunch time are different.
This apply to very big countries like Russia, Canada, USA, China Australia.
For China, they declare one time zone for the whole country, they still have lunch trading break.
In Europe, quite a lot uses Euro. Some traders can trade different countries as long as they use Euro.
So, lunch break may not be suitable if the exchange want to attract oversea players. Big retailer players have enough money to have different ccy acct for trading various countries. One should avoid keep on converting one ccy to another ccy for traders. It will eat up the profit for traders due to exchange rate differences.
In Asia, lunch trading break are common except Singapore.
I prefer to have lunch break but this not is not real big issue.