RE: Ynwa10 Sep 2020 20:33
There is no rule to stop anyone trading outside of normal market hours, but without price formation the price at which you trade would be no more than a guess on what is fair value.
Also, without the MM's you would have to find the other 'side to your trade' and of course that would prove difficult, again without the MM's and a formal marketplace.
Put simply, the MM's get chastised as doing alsorts of unscrupulous things but without them it would prove rather difficult to trade on a 'matched bargain basis' only....
And don't get me started on 'Crossing Platforms' and MTF's...