The New York Stock Exchange (NYSE) is currently seeking feedback from market participants regarding the potential benefits of implementing a 24/7 trading schedule, similar to the trading of cryptocurrencies such as Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH). This move coincides with regulatory scrutiny of a proposal for the first-ever continuous exchange, which has the backing of Steve Cohen.
What Happened: The NYSE, a part of the Intercontinental Exchange (NYSE:ICE), is actively seeking opinions on the possibility of trading stocks round the clock, reported the Financial Times on Monday.
The survey, conducted by the NYSE’s data analytics team, underscores the increasing interest in trading major stocks such as Apple Inc (NASDAQ:AAPL) and NVIDIA Corp (NASDAQ:NVDA) during the overnight hours.
The surge in retail investor activity, initially sparked by the COVID-19 pandemic lockdowns, and the continuous trading of cryptocurrencies have been key drivers of this discussion.
While other major markets, including U.S. Treasuries, major currencies, and leading stock index futures, can be traded around the clock, stock exchanges have been relatively slow to adapt. However, several retail brokers, such as Robinhood Markets Inc. (NASDAQ:HOOD) and Interactive Brokers, now offer 24-hour weekday ...
Ethereum As SEC Examines Steve Cohen-Backed Proposal>Full story available on Benzinga.com