The New York Stock Exchange unveiled plans on Friday to extend trading hours on its all-electronic Arca exchange to 22 hours a day. The move, subject to regulatory approval, aims to capitalize on growing global demand for U.S.-listed securities and accommodate investors across various time zones.
Under the proposed plan, NYSE Arca would operate from 1:30 a.m. to 11:30 p.m. Eastern Time on weekdays, excluding holidays. This expansion considerably extends the current trading window, which currently runs from 4:00 a.m. to 8:00 p.m. ET. The initiative would allow trading of all U.S.-listed stocks, exchange-traded funds, and closed-end funds during these extended hours.
Kevin Tyrrell, Head of Markets at NYSE, emphasized the significance of this move, stating, “The NYSE’s initiative to extend U.S. equity trading to 22 hours a day, 5 days a week underscores the strength of our U.S. capital markets and growing demand for our listed securities around the world”.
This development follows a broader trend in financial markets towards extended trading hours. In May 2023, Robinhood introduced “24/5 trading,” operating from 8 p.m. ET on Sundays through 8 p.m. ET on Fridays. The cryptocurrency market already operates on a 24/7 basis, further fueling demand for expanded trading hours in traditional markets.
NYSE Arca, known for its prominence in ETF trading, has averaged approximately $27.7 billion daily in ETF transactions and around $21.8 billion in corporate stock trades this year. The exchange plans to file updated rules with the U.S. Securities and Exchange Commission for approval.
Information for this briefing was found via Reuters and the companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
