NYSE and 24 Exchange Seek to Offer Round-the-Clock Trading
The New York Stock Exchange (NYSE), with roots tracing back to the 18th century, is known for its iconic opening and closing bell ceremonies (9:30 AM–4 PM ET). However, trading activity has already expanded beyond regular hours thanks to online platforms.
Retail brokers like Robinhood already allow after-hours trading. Now, NYSE is gauging market interest in full 24/7 trading—similar to cryptocurrency markets—by surveying participants on:
- Demand: Would users trade overnight daily?
- Risk Mitigation: How to protect investors from volatility?
- Logistics: Opinions on staffing night shifts.
Meanwhile, 24 Exchange (24X), a startup backed by hedge fund manager Steve Cohen, aims to become the first SEC-regulated exchange enabling nonstop trading. This marks their second application after withdrawing last year due to operational hurdles. The SEC has months to decide on approval.
Key Drivers Behind the Shift
- Retail Trading Boom: COVID-19 lockdowns fueled a surge in day trading and crypto interest, normalizing 24/7 markets.
- Global Demand: European/Asian investors increasingly seek access to U.S. assets outside traditional hours.
- Crypto Influence: As Dmitri Galin, CEO of 24X, noted: "If traders want crypto全天候, why not Apple or Microsoft stocks?"
Challenges to Address
| Consideration | Description |
|--------------|------------|
| Liquidity | Thin overnight volumes could increase slippage. |
| Staffing | Requires shift work for market makers/support. |
| Regulation | SEC must ensure investor protections scale to 24/7. |
FAQ: 24/7 Stock Trading
Q: How would 24/7 trading affect volatility?
A: Extended hours may see wider spreads initially, but liquidity could improve if adoption grows.
Q: Will this replace traditional market hours?
A: Unlikely—NYSE’s core hours would remain, with optional overnight sessions.
Q: What’s the timeline for approval?
A: SEC decisions on 24X and NYSE proposals could take 6–12 months.
👉 Explore how global markets adapt to 24/7 trends
(Note: This article is for informational purposes only. Cryptocurrency and stock trading involve risks—assess your tolerance before investing.)