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Nasdaq Eyes 23-Hour Trading for Global Investors
16 Dec
Summary
- Nasdaq plans to launch 23-hour, five-day stock trading.
- This expansion aims to accommodate surging global investor demand.
- Rivals like NYSE and Cboe are exploring similar trading hour extensions.
Nasdaq Inc. is preparing to file official paperwork with the U.S. Securities and Exchange Commission to introduce near round-the-clock trading for U.S. stocks. This initiative marks a formal move toward establishing 23-hour, five-day-a-week trading, responding to a significant increase in global investor interest in U.S. equities. The U.S. stock market represents a substantial two-thirds of global market value, with foreign holdings reaching $17 trillion last year.
The proposed schedule would extend trading from the current 16 hours to 23 hours, commencing on Sundays at 9 p.m. ET and concluding on Fridays at 8 p.m. ET. This expansion is designed to cater to international investors by effectively covering more time zones. Trades occurring in the initial hours of the new night session will be counted towards the following calendar day.
This strategic move by Nasdaq follows similar announcements from major exchanges, including the New York Stock Exchange and Cboe Global Markets, which are also exploring extended trading hours. These concurrent efforts suggest a broader industry trend towards making U.S. financial markets more globally accessible and adaptive to diverse investor needs.
