Alpha
June 26, 2020, 8:07pm
6
I posed this topic in the AutoInvest thread here:
Wouldn’t the best time be an overlapping time window such as 15:00 to 16:30 when the EU and US market are both open at the same time, and also a time window that avoids initial market open swings?
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As well as the volatility issue (arguably offset by higher liquidity pros), my main advantage would be wanting my pie transactions to occur simultaneously with no pending buys/sells.
Response:
I would like to address the questions and suggestions about the AutoInvest time window.
Why we decided 8 AM local time - our (already live) recurring deposit feature executes the transactions at that time. AutoInvest will use the same payments infrastructure and will also transfer funds at 8 AM local time. We did not see enough value in implementing an artificial delay between fund transfer and investing. Intraday market fluctuations get averaged out in the long term and should not be a concern…
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