According to the Financial Times, the New York Stock Exchange is seeking market participants’ opinions on the feasibility of trading stocks around the clock. The survey asks respondents whether they believe trading should be conducted on weekdays and weekends, how to protect investors from price fluctuations, and how to arrange staff for any overnight trading. Several retail brokers, including Robinhood and Interactive Brokers, now offer 24-hour trading services for US stocks on weekdays, either matching trades internally or through “dark pools” such as Blue Ocean, which typically trade with Asian retail investors during daytime hours around the world. This NYSE survey comes as 24 Exchange, a startup supported by Steve Cohen, owner of the MLB Mets and Chairman and CEO of large asset management company Point72, seeks SEC approval to launch the first 24-hour securities exchange. This application marks the second attempt by 24X, as the company withdrew its proposal last year due to operational and technical issues. During the Covid-19 pandemic, interest in cryptocurrencies has surged, and retail trading volumes have significantly increased, making round-the-clock trading a popular idea. In recent years, there has also been an increased interest from investors in Asia and Europe in US financial assets. Dmitri Galin, founder and CEO of 24 Exchange, previously told Bloomberg in 2023 that “anyone who wants to trade cryptocurrencies around the clock would also want to trade Apple or Microsoft around the clock.” Brian Hyndman, CEO of Blue Ocean, also told the Financial Times in December last year that the world has changed due to the pandemic and round-the-clock trading of cryptocurrencies, and now everyone has the infrastructure and support to handle overnight trades. Hayden Adams, founder of decentralized cryptocurrency exchange Uniswap, commented on this report on the X platform, stating:
Successful Conclusion of CoinEx Taiwan’s 7th Anniversary Celebration, Embracing the Arrival of the Web3 Era Hand in Hand with Users
Since its establishment in 2017, CoinEx has been a professional cryptocurrency trading pla…