The NYSE Wants Even Longer Stock-Trading Hours

· Investopedia

The New York Stock Exchange (NYSE) on Friday said it plans to extend trading on its digital exchange to 22 hours a day as it seeks to seize on global demand for U.S. stocks. 

The NYSE’s plan would allow investors to trade all U.S. stocks, exchange-traded funds (ETFs), and closed-end funds between 1:30 a.m. ET and 11:30 p.m. ET every weekday, except for holidays. Extended trading currently runs from 4 a.m. ET until 8 p.m. ET, with regular trading—when volumes are generally highest—between 9:30 a.m. ET and 4 p.m. ET.

The extension “underscores the strength of our U.S. capital markets and growing demand for our listed securities around the world,” said Kevin Tyrrell, head of markets at NYSE. The proposal is subject to approval by regulators.

Interest in 24-hour trading has grown significantly in recent years. Online brokerage Robinhood (HOOD) launched its 24 Hour Market last year, allowing investors to trade 43 popular stocks and ETFs between 8 p.m. ET on Sunday and 8 p.m. ET on Friday. Robinhood has since expanded the list of stocks and funds that can be traded between those hours.

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