Exclusive-Nasdaq seeks to extend trading hours, as Wall Street gears up for 24/7 move
NEW YORK, Dec 15 (Reuters) - Nasdaq, one of the world's largest exchanges that is home to tech companies Nvidia (NVDA), Apple (AAPL) and Amazon (AMZN), is planning to submit paperwork with the U.S. Securities and Exchange Commission on Monday to roll out round-the-clock trading of stocks, as it looks to capitalize on a global demand for U.S. equities.
Investor demand for nonstop trading in U.S. stocks has surged in recent years, prompting regulators to introduce new rules and green-light proposals from major exchanges to enable trading beyond *normal market hours. The U.S. stock market represents almost two-thirds of the market value of listed companies globally, while total foreign holdings of U.S. equities reached $17 trillion last year, according to data compiled by Nasdaq.
Nasdaq's filing with the SEC will *mark its first formal step towards rolling out round-the-clock trading, five days a week. In March, Nasdaq President Tal Cohen said the exchange operator had started discussions with regulators and expected to launch nonstop five-day-a-week trading in the second half of 2026. The New York Stock Exchange and Cboe Global Markets also recently announced plans to move to round-the-clock trading for stocks.
TWO DAILY TRADING SESSIONS
Nasdaq plans to expand trading hours of stocks and exchange-traded products from 16 hours to 23 hours, five days a week. Currently, Nasdaq *operates three daily sessions during weekdays: the pre-market session from 4 a.m. to 9:30 a.m. Eastern U.S. time, the regular market session from 9:30 a.m. to 4 p.m., and the post-market session from 4 p.m. to 8 p.m. When Nasdaq moves to 23/5, it plans to operate two trading sessions, *with the day session starting at 4 a.m. and ending at 8 p.m., followed by a one-hour break for maintenance, testing, and clearing of trades. The night session will kick off at 9 p.m. and end at 4 a.m. the following calendar day.
The day session will continue to include pre-market, regular, and post-market trading hours, and will feature the opening bell at 9:30 a.m. and the closing bell at 4 p.m. In the night session, trades executed between 9 p.m. and 12 a.m. will be considered trades for the following day.
Under the new plan, the trading week will start on Sunday at 9 p.m. and *end on Friday at 8 p.m. after the day session.
them are just a few highlights that i copied and pasted, better read the whole article for yourself...
https://finance.yahoo.com/news/exclu...211843764.html
