Five US stock exchanges plan to launch 23-hour daily trading on December 6
US Exchanges to Extend Trading Hours, Raising the Stakes for Financial Firms
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The US Securities and Exchange Commission has conditionally approved 24X, Cboe EDGX, MEMX, Nasdaq and NYSE Arca to extend trading hours, with plans to launch a 23-hour-per-day, 5-day-per-week trading schedule on December 6. Relevant systems at the SIP, National Securities Clearing Corporation and FINRA will also extend their operating hours, while broker-dealers will need to adjust customer disclosures, trading controls, corporate action trading halts, staffing arrangements and cross-system testing in parallel.
The article breaks down the extended trading hours into customer disclosures, trading controls, corporate action trading halts and cross-system testing, helping financial institutions organize their preparations for overnight operations.
Source:PYMNTS · pymnts.com