Revolution

Steve

<p>The New York Stock Exchange (NYSE) is currently exploring the possibility of transitioning to 24/7 trading, a potentially revolutionary move, largely influenced by the success of the continuously operating crypto markets.</p>
<h2 id="h-the-nyse-gauges-ground-for-a-trading-hours-revolution">The NYSE Gauges Ground for a Trading Hours Revolution</h2>
<p>According to the Financial Times, the Intercontinental Exchange, owner of the NYSE, has tasked its data analysis team to survey its members on the interest of switching to 24/7 trading. This idea has gained popularity in recent years, influenced by the continuous operation of the <a href="https://www.cointribune.com/en/how-xrp-could-hit-10000-expert-forecasts-post-ripple-sec-trial-surge/" target="_blank" rel="noopener noreferrer nofollow">crypto markets</a>.</p>
<div class="my-4">
 <div class="ads " data-page-type="" data-location="1">
 </div>
</div>
<p>Currently, the NYSE operates from Monday to Friday from 9:30 AM to 4 PM (Eastern Time), with limited pre-market and after-hours sessions. The <a href="https://www.ft.com/content/31c3a55b-9af9-4158-8a49-4397540571bf" target="_blank" rel="noopener noreferrer nofollow">survey</a> asks participants about their willingness to trade over the weekend and at night. Some brokers note a demand but highlight challenges in terms of staffing and liquidity.</p>
<p>Meanwhile, the startup 24 Exchange, backed by Steve Cohen, is seeking <a href="https://www.cointribune.com/en/crypto-the-secs-silence-a-major-obstacle-to-the-approval-of-ethereum-etfs/" target="_blank" rel="noopener noreferrer nofollow">SEC approval</a> to launch the first 24/7 stock exchange. The regulator has several months to review this unprecedented proposal.</p>
<div class="affiliate-button"><span class="affiliate-button__link obfuscated-link" data-href="https://www.cointribune.com/newsletters/" data-target="_blank" data-rel="noreferrer noopener">Découvre notre newsletter gratuite</span> <span class="affiliate-button__disclaimer obfuscated-link" data-href="https://www.cointribune.com/en/sponsored-content/" data-target="_blank" data-rel="noreferrer noopener">Ce lien utilise un programme d’affiliation</span>
</div>
<h2 id="h-complex-questions-to-address-before-making-the-leap">Complex Questions to Address Before Making the Leap</h2>
<p>Transitioning to a 24/7 model raises numerous operational, regulatory, and technical issues. Clearing houses, which guarantee the settlement of transactions, also operate on fixed schedules. The committee overseeing the “consolidated tape”, which officially records trading prices, has initiated discussions on the implications of such a change.</p>
<p>Moreover, the relatively low liquidity outside of <a href="https://www.cointribune.com/en/the-american-market-crisis-is-causing-the-collapse-of-crypto/" target="_blank" rel="noopener noreferrer nofollow">traditional market hours</a> and settlement risks still dampen institutional investors’ interest. Current night-time trading offerings, provided by some brokers, are restricted to limited price orders intended for retail investors.</p>
<p>In summary, the advent of a <a href="https://www.cointribune.com/en/finance-the-week-ahead-promises-to-be-explosive-in-the-us-stock-market/" target="_blank" rel="noopener noreferrer nofollow">stock market</a> operating 24/7, akin to cryptos, still seems distant, but is on the horizon. Despite the numerous challenges (regulation, liquidity, human resources), the growing interest from investors could accelerate this minor revolution. This is a matter to be closely followed in the coming months.</p>
<div class="affiliate-button"><a class="affiliate-button__link" href="https://join.swissborg.com/r/frederEZU5" target="_blank" rel="noopener noreferrer nofollow">Acheter ses premières cryptomonnaies grâce à Swissborg</a> <a class="affiliate-button__disclaimer" href="https://www.cointribune.com/en/sponsored-content/" target="_blank" rel="noopener noreferrer nofollow">Ce lien utilise un programme d’affiliation</a>
</div>

New York Stock Exchange following the crypto lead – Towards 24/7 trading?

目录

Cointribune EN

发布于 2024年4月23日的其他文章

Ripple Files for Remedies Opposition, Accuses the SEC of Intimidation

Bitcoin FilmFest: Lights, camera, halving as Bitcoin cinema hits Warsaw

7 Mind-Blowing AI Crypto To Hold For Turning $10,000 Into $1,000,000 In 2024

Ethereum Price Prediction: Bull, Bear, and Base Forecasts

Capital inflows into spot Bitcoin ETFs reach $62m

Canaan Executives Eye $2M Shares Purchase Post Halving

订阅我们免费的电子期刊，获取每日最新加密领域动态！