The pros and cons for investors of nonstop trading as NYSE looks to go 22 hours a day
Publishing timestamp: 2024-10-28 11:07:54
Summary
The New York Stock Exchange is seeking approval to expand trading hours on its electronic Arca platform from 16 hours a day to 22 hours a day, subject to regulatory approval. This move is driven by increasing demand from both retail and institutional investors, both in the U.S. and globally. However, there are concerns about thin volumes leading to wider bid-ask spreads, impulsive trading, and potential disadvantages for retail investors. Other stock exchanges and firms are also considering expanding trading hours to capture more trading volume and accommodate international traders.
Sentiment: MIXED
Keywords: robinhood markets inc, breaking news: markets, business news, nasdaq inc, united states, markets, intercontinental exchange inc,