According to the Financial Times, the New York Stock Exchange is consulting market participants about the possibility of trading actions 24 hours a day. Meanwhile, regulators are said to be reviewing an application for the first 24/7 exchange.
The survey highlights investors’ growing interest in extending trading hours, especially among retail investorswho can now trade cryptocurrencies and some other stocks outside of regular hours.
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According to the London City Journal, the survey conducted by the NYSE, part of the Intercontinental Exchange, was carried out by its data analysis team rather than its management.but highlights the growing interest in trading stocks like Nvidia or Apple overnight between 8 pm and 4 am Eastern Time.
The issue has become a hot topic in recent years, driven in part by the 24-hour operation of cryptocurrency trading and the increase in investor activity retailers first driven by coronavirus pandemic closures.
Stock markets have become a laggard in a world where other major markets, including U.S. Treasuries, major currencies and futures for leading stock indices, can trade around the clock on Monday. to Friday.
Several retail brokers, including Robinhood and Interactive Brokers, now offer 24-hour access to U.S. stocks on weekdays, with trades that are matched to their internal holdings or made through a trading venue.dark pool” like Blue Ocean, where shares are often traded with Asian retail investors during their daytime hours.
The idea of a 24/7 exchange has gained traction in recent years, driven by increased retail investor activity and the availability of other markets, such as US Treasuries and currencies, to trade. The 24 hours of the day.
However, institutional investors are not so convinced due to concerns about liquidity and settlement risk. Some retail brokers already offer 24-hour access to US stocks on weekdays, but an overnight exchange would require strong regulatory oversight and approval.
A new company, 24 Exchange, is seeking SEC approval to launch the first 24-hour exchange, the FT maintains, with the survey ahead of a possible decision. The proposal has sparked debate, with some arguing that extended trading hours would benefit investors, while others raise concerns about staffing, settlement and market stability.
Source: Ambito
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