The facade of the New York Stock Exchange is seen in the Financial District on November 18, 2023 in New York City.
Maro Cinquiti | Noor Photos | Getty Images
The New York Stock Exchange announced plans on Friday to extend trading hours on its all-electronic exchange to 22 hours a day.
The NYSE announcement comes as U.S. markets have grown increasingly interested in all-day trading in recent years. Robin Hood Announcing ’24/5 Trading’, open every Sunday from 8pm to Friday 8pm in May 2023.
Intercontinental Exchange, the parent company of the New York Stock Exchange, said that under the new plan, trading on the New York Stock Exchange Arca electronic exchange will open at 1:30 a.m. Eastern time on weekdays and close at 11:30 p.m., subject to regulatory approval. . Now, Expanding NYSE stock trading It starts at 4 a.m. Eastern Time and runs until 8 p.m. Eastern Time. Normal trading hours are 9:30 am to 4:00 pm
NYSE Arca is known as the premier platform for buying and selling exchange-traded funds and more than 8,000 U.S.-listed securities. Intercontinental Exchange said all U.S.-listed stocks, ETFs and closed-end funds will be open for trading on electronic exchanges within 22 hours.
Kevin Tyrrell, head of markets at the New York Stock Exchange, said: “The New York Stock Exchange’s move to extend U.S. stock trading hours to 22 hours a day, five days a week underscores the strength of U.S. capital markets and growing global demand for our listed securities. ” said during the exchange statement. “As the steward of U.S. capital markets, the NYSE is pleased to take the lead in providing exchange-based trading for our U.S.-listed companies and funds to investors in time zones around the world.”
The New York Stock Exchange plans to submit updated rules for delayed trading to the U.S. Securities and Exchange Commission. Trades placed during extended trading hours will be cleared through the Depository Trust and Clearing Corporation.
About The Author
