In an effort to emulate the cryptocurrency market, the New York Stock Exchange considers launching round-the-clock trading

The New York Stock Exchange (NYSE) is surveying investors to understand how the market feels about implementing 24/7 (24 hours a day, 7 days a week) stock trading, which may indicate that the exchange is interested in expanding its trading hours. outside of traditional trading hours.

The change will bring the NYSE in line with major cryptocurrency trading platforms that currently operate around the clock, including weekend hours.

New York Stock Exchange 24/7 stock trading

According to the Financial Times, the New York Stock Exchange survey asked market participants whether they support full-time trading on weekends, how to handle human resource allocation for night trading, and how to protect investors from large price swings. .

The survey also asked participants whether they would consider the time "rather than considering night trading, as it should be used for regular market trading hours."

Although the survey was initiated by the NYSE's data management department and not its management, it reflects the market's response to the market's reaction to stocks such as Apple (AAPL) or NVIDIA (NASDAQ: NVIDIA) trading between 8 p.m. and 4 a.m. ET. Interest in stocks like NVDA is growing.

Regular stock trading hours in the United States are from 9:30 am to 4:00 pm Eastern Time, and both the NYSE and Nasdaq follow this schedule. Both exchanges also offer "pre-market" trading from 4:00 a.m. to 9:30 a.m. ET, and "after-market" trading from 4:00 p.m. to 8:00 p.m., but the trading volume during these periods, Liquidity is lower, volatility is higher, and spreads are wider.

These limited trading hours put U.S. stock trading behind not only cryptocurrency markets, but also U.S. Treasury, major currency and stock index futures markets, which can trade around the clock from Monday to Friday.

While some platforms like Robinhood offer 24/5 stock trading, they often have to conduct overnight trading through "dark pool" trading platforms that interact with Asian markets. Unlike those venues, overnight trading on the NYSE will be more fully regulated as it is directly regulated by the U.S. Securities and Exchange Commission (SEC).

The NYSE investigation follows recent SEC filings by startup 24 Exchange, also known as 24X, seeking approval to launch the first 24/7 stock exchange in the United States.

Impact on Bitcoin ETF

While Bitcoin (BTC) itself trades around the clock around the world, recently launched Bitcoin spot ETFs, such as those managed by BlackRock, Fidelity, and others, still have trading hours consistent with regular stock market trading hours. Some of these funds, such as the Bitwise Bitcoin ETF (BITB), trade directly on the New York Stock Exchange.

If these ETFs start trading around the clock like cryptocurrencies traded on cryptocurrency’s native exchanges, it could change Bitcoin’s trading patterns. For example, Kaiko’s latest data shows that by 2024, Bitcoin’s weekend trading volume has dropped to only 13% of total trading volume. This is partly because Bitcoin ETFs are not open for trading during weekends.

According to data from Glassnode, about one-third of Bitcoin spot trading volume is now traded through Bitcoin ETFs.

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