Nasdaq files for 23-hour extended trading to meet crypto-era demands
Nasdaq is looking to enable nearly round-the-clock trading, aiming to match the increasingly global nature of financial markets and investor behavior, according to a filing with the U.S. Securities and Exchange Commission (SEC)
Under the proposal, Nasdaq would expand trading hours for stocks and exchange-traded products (ETPs) from 16 hours to 23 hours per day, five days a week. The new schedule would include a day session from 4 a.m. to 8 p.m. ET, followed by a one-hour break, and then a night session running from 9 p.m. to 4 a.m. ET the following day. The trading week would begin on Sunday at 9 p.m. and close on Friday at 8 p.m., with the existing opening and closing bells at 9:30 a.m. and 4 p.m. remaining unchanged, according to the…
