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Why the US stock market must open on Wednesday

The end of month is when settlement occurs to determine market performance, fund performance, trader performance, which are all based on the final settlement prices. So for example, if a hedge fund needs to send out statements to their investors outlining their performance, if they hold a number of positions, they will need the exchange to be open. It is more preferable for them to have the most recent settlement prices as possible to best reflect their performance to investors.  
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