The world of finance is constantly evolving, and the New York Stock Exchange (NYSE) is no exception. Recently, it has been reported that the NYSE is evaluating the possibility of offering after-hours trading, which could mean a major change for the stock market.
One of the factors driving this exploration is the rise of 24/7 crypto trading. The success of this model has highlighted the potential demand for greater access to the stock market.
Professor James Angel of Georgetown University argues that the decision to implement after-hours trading should be made by the market, not the U.S. Securities and Exchange Commission (SEC). Angel argues that the SEC should not intervene in the commercial viability of this proposal.
The NYSE's initiative is not alone. A startup called 24 Exchange is also seeking SEC approval to become the first traditional stock exchange to operate 24 hours a day. 24 Exchange had already submitted a similar proposal last year, but was forced to withdraw it due to technical issues. Its new proposal has so far not received any letters of objection, and the SEC has several months to respond.
The possibility of the NYSE extending its trading hours could be an indication that the stock market is adapting to a more digital and globalized world. Investors around the world could benefit from increased access to markets, which could lead to greater liquidity and efficiency.
Undoubtedly, the decision to implement after-hours trading will have a significant impact on the stock market. It remains to be seen whether this proposal will be successful, but it is certainly a sign that the world of finance is constantly evolving.
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