Quite a few people work relative to market trading hours and customary times to hold earnings calls and roadshows. Sales people work around their store business hours. Schools have fixed schedules. Hours sadly dictate schedules for most people
Because market participants (i.e. brokers) need to 'mark to market'. That is, they need to transfer the net of their gains and losses to counter-parties. This occurs after the market close. To have continuously trading markets would require changing the supporting systems and regulations that support this.
That just shifts the question around. Why, as king, would you want to make sure that there's a period every day when no one is supposed to trade financial instruments?
