Overview
- Intercontinental Exchange said it plans a standalone NYSE venue with round-the-clock trading, near-instant settlement, dollar‑denominated order sizing, stablecoin financing, and support for tokenized shares.
- The platform would sit outside the weekday floor and is marketed toward smaller, younger and overseas investors who favor always‑on access similar to crypto markets.
- A NYSE paper released in early 2025 said off‑hours activity surged in 2024 to an average daily volume above $61 billion.
- Some experts are skeptical about broader benefits, with Johns Hopkins economist Steve Hanke arguing 24/7 equity trading has historically delivered little value and that overnight sessions proved a waste of time.
- Analysts warn gains will be limited unless banks, custodians and payment systems also run 24/7, and the proposal still needs SEC approval before any launch.