The New York Stock Exchange (NYSE) announced plans to extend the after-hours trading on its digital exchange. If the move is approved by the regulators, the investors will be able to trade for 22 hours during weekdays, excluding holidays.
According to NYSE, the move was made in order to meet the growing demand for US stocks. The plan is to have the NYSE Arca digital exchange open at 1:30 a.m. ET and close at 11:30 p.m. ET with all US-listed stocks, as well as exchange-traded funds (ETFs) and closed-end funds being open for trading.
“The NYSE’s initiative to extend US equity trading to 22 hours a day, 5 days a week underscores the strength of our US capital markets and growing demand for our listed securities around the world,” Kevin Tyrrell, head of markets at the New York Stock Exchange, said in a statement. “As the steward of the US capital markets, the NYSE is pleased to lead the way in enabling exchange-based trading for our U.S.-listed companies and funds to investors in time zones across the globe.”
Currently, the regular trading at NYSE takes place between 9:30 a.m. ET and 4:00 p.m. ET, while NYSE Arca is open from 4 a.m. ET until 8 p.m. ET.
Previously, trading platforms like Robinhood and Interactive Brokers enabled their users to trade stocks 24/7 on weekdays.