NYSE Explores Transition to 24/7 Trading Schedule
The New York Stock Exchange is considering extending its trading hours to operate round-the-clock, inspired by the flexibility of cryptocurrency markets.
- NYSE has surveyed market participants about the potential shift to a 24/7 trading model, reflecting growing interest in continuous trading.
- A Steve Cohen-backed startup, 24 Exchange, seeks SEC approval to become the first stock exchange to offer 24-hour trading.
- Current trading hours are limited to 9:30 a.m. to 4 p.m. ET, but the proposed change could align stock trading with the non-stop nature of crypto markets.
- The move could cater to increased global interest and the demand for trading flexibility seen during the pandemic.
- Concerns about market volatility and staffing for extended hours are also being evaluated.