[Trad-Fi] NYSE seeks SEC approval for extended 22-hour per day stock trading

[ameilius]

Link - https://www.breitbart.com/news/nyse-see ... k-trading/

Oct. 25 (UPI) — New York Stock Exchange parent company Intercontinental Exchange, Inc. said Friday that weekday electronic trading will be extended to 22 hours a day, subject to regulatory approval.

The change would allow trading from 1:30 a.m. to 11:30 p.m. EDT for every weekday, excluding holidays. The extended trading would happen on Arca, a fully electronic exchange of the NYSE.

“The NYSE’s initiative to extend U.S. equity trading to 22 hours a day, five days a week 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, New York Stock Exchange in a statement.

The NYSE said it will also seek extended trading for U.S. securities information processors.

If approved, trading on all U.S.-listed stocks, ETFs and closed-end funds would be available on NYSE Arca during the 22-hour per weekday proposed stock trading extension.