Key Takeaways
- Cboe Global Markets on Monday said it plans to open trading to 24 hours a day, five days a week, for U.S. equities listed on its Cboe EDGX Equities Exchange, pending regulatory approval.
- The company said it has experienced rising demand from international customers that want expanded access to U.S. markets.
- The New York Stock Exchange floated expanding its trading day to 22 hours in October.
Cboe Global Markets on Monday said it plans to launch 24-hour trading for U.S. equities listed on its Cboe EDGX Equities Exchange to meet what it describes as rising global demand for access to American markets.
“We continue to hear from market participants globally—particularly those in Asia Pacific markets like Hong Kong, Japan, Korea, Singapore, and Australia—that they want greater access to U.S. equities trading,” Cboe Head of North American Equities Oliver Sung said.
The exchange operator said it will seek approval from the Securities and Exchange Commission to move forward with all-hours extended trading five days a week. Currently, Chicago-based Cboe offers extended trading hours for U.S. equities from 4 a.m. to 8 p.m. ET Monday through Friday.
In October, the New York Stock Exchange (NYSE) explored extending the trading day for its Arca exchange to 22 hours for U.S. stocks, exchange-traded funds (ETFs), and closed-end funds. This would allow after-hours trading from 1:30 a.m. to 11:30 p.m. ET, compared with the current extended trading window of 4 a.m. through 8 p.m.
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