New York Stock Exchange considers moving to 24/7 trading! Keep up with cryptocurrency trends

This site (120BTC.coM): The 24/7 trading model of the cryptocurrency market has made traditional stock exchanges plan to follow suit! The British Financial Times reported that the world’s largest stock exchange -The New York Stock Exchange (NYSE) is conducting a market survey of market participants on the feasibility of round-the-clock stock trading.

It is said that this investigation was proposed by the New York Stock Exchange’s data analysis team and was not initiated by management. This move reflects investors’ concerns about the time between 8 p.m. Eastern Time in the United States and 4 a.m. the next day. Interest in trading stocks outside normal trading hours continues to rise.

The NYSE survey asked respondents whether they believe around-the-clock trading should occur on weekends and during the weekdays Monday through Friday, how investors should be protected from price swings, and whether respondents How to arrange personnel to be stationed during abnormal trading periods in the early morning.

Follow the trend of round-the-clock cryptocurrency trading

Round-the-clock trading has become a hot topic in recent years. The reasons behind include the cryptocurrency market becoming more and more popular with investors and more retail investors investing after the Covid-19 epidemic. stock market.

Currently, traditional stock exchanges have clearly lagged behind the trend in providing all-weather trading. Other large financial markets, including U.S. Treasury bonds, major currencies and major stock index futures markets, can already conduct around-the-clock trading from Monday to Friday. ; Several brokerages, including Robinhood and Interactive Brokers, have also provided 24-hour U.S. stock trading services on weekdays, which are usually matched through positions held within the platform, or through such companies as Blue Ocean Usually done with "dark pools" where Asian retail investors trade during daytime hours.

The Financial Times pointed out that once the stock exchange opens to all-day trading, the market's view of overnight trading will change significantly. Compared with "dark pools", overnight trading is strictly regulated. The New York Stock Exchange is directly regulated by the U.S. Securities and Exchange Commission (SEC). Stability and security will also be tested, and regulatory approval is required before changes can be made. rule.

SEC is reviewing application of first 24/7 stock exchange

The latest investigation by the New York Stock Exchange is said to be after startup 24Exchange applied to the SEC to operate 7 days a week. The SEC will have several months to review and decide whether to approve the application for the first 24/7 stock exchange.

Two sources revealed that the SEC committee has begun convening meetings to study the issues involved in the stock exchange's shift to 24-hour operations, including who should bear the costs, and clearing houses that help settle transactions must also be required to do so within the prescribed time limit. Operation within time.

The above is the detailed content of New York Stock Exchange considers moving to 24/7 trading! Keep up with cryptocurrency trends. For more information, please follow other related articles on the PHP Chinese website!