SEC Hosts Roundtable on Nonstop U.S. Equity Market Trading
- The SEC will hold a roundtable on September 17 to discuss the mechanics of 24-hour trading.
- Key panelists include Blackrock, Citadel Securities, NYSE, Nasdaq, Robinhood, and Interactive Brokers.
- Nasdaq plans to launch a near-23-hour trading day on December 6, pending final regulatory approval.
- The agenda focuses on operational readiness and surveillance capabilities for overnight sessions.
- 24 Exchange has already received SEC approval for a similar extended-hours trading model.
The SEC’s roundtable aims to modernize U.S. equity markets by exploring the feasibility of nonstop trading operations with input from major financial institutions. This initiative reflects the growing trend toward extended trading hours seen in other markets like Bitcoin and crypto.
With Nasdaq and others already moving towards longer trading days, the SEC is seeking industry expertise to ensure infrastructure readiness before implementing new rules broadly. (Source)
