New York Stock Exchange to run equity trading 24/7? Here are the details
Stock market today: NYSE's data analytics team notes there is a high demand for stocks such as Nvidia and Apple from 8 pm to 6 am.
Stock market today: The New York Stock Exchange (NYSE), as per reports, is considering a proposal to run trading in equities 24/7. Reports say that, like stock futures, US bonds, and cryptos, there are plans to run trading in stocks too, round the clock.
Timings | NYSE (Eastern Time) |
Pre-Market Trading Hours | 4 am to 9:30 am |
Normal Trading Hours | 9:30 am to 4 pm |
Post-Market Trading Hours | 4 pm to 8 pm |
NYSE's data analytics team is currently conducting a poll regarding the same with data market participants.
The market participants have been asked the following questions:
- Merits and demerits of 24*7 trading;
- Trading should be done for five or seven days;
- Measures to curb price volatility;
- Overnight staffing arrangements;
- Trading volumes and issues faced by clearing houses.
The data analytics team notes there is a high demand for stocks such as Nvidia and Apple from 8 pm to 6 am.
Further, reports say that the American hedge-fund manager Steve Cohen-backed startup 24 Exchange is ready to launch 24/7 trading. It is awaiting approval from the Securities and Exchange Commission (SEC).
Stock exchanges have become something of a laggard in a world where other big markets, including US Treasuries, major currencies and leading stock index futures, can be traded around the clock from Monday to Friday, The Financial Times said in its report.
"An overnight exchange, however, would be a step-change in how late trading is perceived because of its heavy regulatory oversight compared with dark pools. Exchanges are directly supervised by the Securities and Exchange Commission and tested for their stability and security as well as needing the approval to alter any rules," the FT report said further.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
EPFO Pension Schemes: Early pension, retirement pension, nominee pension and 4 other pension schemes that every private sector employee should know
Tata Motors, Muthoot Finance and 3 more: Axis Direct recommends buying these stocks for 2 weeks; check targets, stop losses
Senior Citizen Latest FD Rates: Know what major banks like SBI, PNB, Canara Bank, HDFC Bank, ICICI Bank are providing on fixed deposits
11:00 AM IST