(VOR News) – The New York Stock Exchange NYSE has declared its intention to extend the trading hours for stocks on its Arca platform to 22 hours on weekdays in an attempt to meet the demand from people worldwide for the ability to purchase and sell assets listed in the United States at any time of day or night.

To satisfy the demand, this will be done. The all-electronic Arca market will now have extended trading hours from 1:30 am to 11:30 pm Eastern time, according to the New York Stock Exchange (NYSE), a division of the Intercontinental Exchange.

The NYSE gave this data. Holidays are the only exception to this rule.

24/7 Over the past few years, retail trading has grown in popularity. Brokerage platforms like Interactive Brokers and Robinhood facilitate this kind of trading, which has helped this strategy gain traction.

Before it can be put into effect, the planned expansion must be approved by the US Securities and Exchange Commission. It is intended that the expansion will begin in 2025.

Kevin Tyrrell, the head of markets at the New York Stock Exchange (NYSE), issued the following statement on Friday: “As the steward of the US capital markets, the NYSE is pleased to spearhead exchange-based trading for our US-listed companies and funds to investors in various global time zones.”

The NYSE currently serves as the custodian of the US capital markets, hence the rationale for this statement. The New York Stock Exchange has issued a statement.

To increase the hours that trading is conducted, the New York Stock Exchange (NYSE) plans to apply for regulatory clearance from the Securities and Exchange Commission (SEC) and “US securities information processors” like the Consolidated Tape Association.

The purpose of this is to extend the hours that trade is carried out. The inclusion of midnight activity would be more likely to set the early tone for regular trading hours because the “tape” is the official record of trading prices on exchanges.

The “tape” is the official record of selling and purchasing prices, which explains why. This is because the “tape” serves as the formal document that documents the prices paid during the transaction.

Being a venue for exchange-traded funds is one of NYSE Arca’s most well-known responsibilities, although it also hosts some equities and closed-end funds.

NYSE Arca is the name of a financial exchange.

Approximately $21.8 billion in corporate shares and $27.7 billion in exchange-traded funds (ETFs) have been traded on the Arca market since the start of the year. These trades have a combined value of almost $21.8 billion.

Compared to the trading hours of the New York Stock Exchange, the trading sessions are substantially longer, lasting from four in the morning to eight in the evening Eastern time.

This operation timeframe is much longer than that of the New York Stock Exchange. According to Eastern time, the New York Stock Exchange is open for business from 9.30 a.m. until 4 p.m. The trading period is several hours long.

Activity in the retail trading industry has significantly increased as a result of the COVID-19 pandemic’s worldwide spread and the growing appeal of cryptocurrencies. Both of these variables contribute to this. The trade of assets can currently be done outside of the exchanges’ usual trading hours.

This might indeed happen. These assets include, for example, specific currencies, futures contracts on stock indices, and U.S. Treasuries. The New York Stock Exchange (NYSE) has been under a lot of pressure to think about increasing the hours that it is open for trading because of this trend.

The New York Stock Exchange (NYSE) polled market participants at the start of this year to find out what they thought about the advantages of trading stocks all day and all night. You can find the poll here.

Retail brokers currently exist that offer trading services that are available seven days a week, day or night. These brokers are given the opportunity to match nighttime trades by using a “dark pool” venue.

This site combines the buying and selling activities that occur during the day in Asia with those that occur during the night in the United States.

SOURCE: FTN