Lou Whiteman

In theory, if you catch it first, but look, right now, most of the volume on the exchanges are in the first 15 minutes and last 15 minutes of the day.

Most of the day is just a wasteland without volume.

Markets need volume for price discovery.

we get better pricing, the more people want to buy and more people want to sell because we get a better price.

If you get rid of those endpoints, there's a real question of when we will get volume and we will see a lot of price dislocation, Travis.

I'll leave it up to you whether you think that you're going to be the one that captures that or some algorithm that catches it, but maybe you will.

Yeah.

I think spreads would come up.

It's a real mistake to think that any professional investor wants this.

All a professional investor wants is to not get yelled at and go home.

They do not want to be on here.

This is solving a problem.

It's a solution for a problem that nobody really has.

I mean, yes, right now, it's inconvenient if you're halfway around the world to trade stocks in New York Stock Exchange.

But you know what?

People do it anyway.

So, I'm not worried about that.

Look, Travis, I'm going to make a prediction.

If 24-7 happens, the net result is about 10 minutes of the day, you'll have actual price discovery because what these markets will have to do is just do clearing at one time per day that will bring people to the market.

Really, it's going to be not a vast wasteland, but something of a wasteland except for maybe 10 minutes a day.