The New York Stock Exchange (NYSE) Might Embrace 24-Hour Trading
A recent report by the Financial Times suggests that the NYSE is exploring the possibility of offering round-the-clock trading, influenced in part by the continuous nature of crypto trading and the surge in retail investors seen during the pandemic. Let’s delve deeper into this potential shift in the world’s largest exchange and its implications for the financial market.
Interest in After-Hours Trading
- The NYSE’s analytics team is assessing interest in after-hours trading.
- This move is driven by the 24/7 crypto trading environment and the increase in retail investors.
A Transformation for the NYSE
- Transitioning into an overnight trading platform would mark a significant shift for the leading exchange globally.
- Georgetown University finance professor James Angel advocates for market forces, not regulatory bodies like the SEC, to determine the viability of such a change.
A Potential 24-Hour Stock Exchange
- 24 Exchange, a financial startup backed by hedge fund Point72, is seeking SEC approval to launch the first 24-hour traditional stock exchange.
- The startup faced technical challenges in a previous proposal but is now awaiting the SEC’s response to its latest submission.
Hot Take: Embracing a New Era in Stock Trading
As the NYSE contemplates the possibility of 24-hour trading, influenced by the dynamics of the crypto market, the financial world stands at the brink of a significant transformation. This potential shift not only reflects the changing preferences of investors but also underscores the importance of adapting to evolving market trends. Whether this move materializes or not, it signals a new era in stock trading that could shape the future of financial markets.
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