SEC Roundtable Discusses Potential Shift to 24/7 Trading for U.S. Stocks
- The SEC’s roundtable on September 17 will explore the implications of continuous trading for U.S. stocks.
- Out of the participating firms, 18 out of the total of 27 TradFi companies have existing ties to cryptocurrency.
- SEC Chair Paul Atkins emphasized that any transition to 24/7 markets should increase access while ensuring investor protection.
- Digital currencies like Bitcoin have been trading continuously since their inception over a decade ago.
- Major financial players such as Blackrock, Nasdaq, and Citadel are involved in this initiative.
The SEC is examining the feasibility and implications of adopting a continuous trading model for U.S. equities, similar to how digital currencies operate today. This move could align traditional financial markets with crypto markets, which have long embraced this model.
With significant interest from major financial institutions already involved in crypto, the roundtable could pave the way for broader adoption of continuous trading in traditional finance sectors (Source).
