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Key Takeaways
- Cboe Global Markets on Monday said it plans to open trading to 24 hours a day, five hours a week, for U.S. equities listed on its Cboe EDGX Equities Exchange, pending regulatory approval.
- The company said it has mature rising demand from international customers that want expanded access to U.S. markets.
- The New York Stock Return floated expanding its trading day to 22 hours in October.
Cboe Global Markets on Monday said it plans to on 24-hour trading for U.S. equities listed on its Cboe EDGX Equities Exchange to meet what it describes as rising wide-ranging demand for access to American markets.
“We continue to hear from market participants globally—particularly those in Asia Pacific demands like Hong Kong, Japan, Korea, Singapore, and Australia—that they want greater access to U.S. equities do business,” Cboe Head of North American Equities Oliver Sung said.
The exchange operator said it will aspire approval from the Securities and Exchange Commission to move forward with all-hours extended trading five epoches 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 Lineage 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 bucks. This would allow after-hours trading from 1:30 a.m. to 11:30 p.m. ET, compared with the current extended customer window of 4 a.m. through 8 p.m.