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[SITUATION] · [QUIET] · [BUSINESS]
2 clusters · 6 sources · 28 days · First seen · Last updated
U.S. equity market extended trading hours transition
Overview
The U.S. Securities and Exchange Commission (SEC) initiated discussions regarding the implementation of 24-hour trading in U.S. equity markets. A scheduled roundtable involving major financial institutions, such as Blackrock, Citadel Securities, NYSE, and Nasdaq, aimed to address technical requirements, surveillance capabilities, and settlement system functionality for nonstop trading.
Following regulatory developments, the market is moving toward an “always-on” model to compete with the 24/7 nature of cryptocurrency markets. Nasdaq has set a target of December 6 to begin an overnight session running 23 hours a day, five days a week. The NYSE is also planning similar extensions. This shift is attributed to changing investor behavior, as retail investors accustomed to the constant availability of crypto markets drive demand for expanded trading hours.
Entities
Timeline
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[BUSINESS] 2 sourcesWall Street adopts 24/7 trading model to compete with crypto
Wall Street is adopting a 24/7 trading model similar to cryptocurrency markets, with Nasdaq extending equity trading hours to 23 hours a day starting in December.
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[BUSINESS] 4 sourcesSEC to host roundtable on 24-hour equity market trading
The SEC will host a roundtable on September 17 with major financial institutions to discuss the mechanics of implementing 24-hour trading in U.S. equity markets.
Sources
ambcrypto.com · bitcoinethereumnews.com · detlionblood32.wordpress.com · en.bitcoinsistemi.com · news.bitcoin.com · themarketperiodical.com