"The NYSE's initiative to extend U.S. equity trading... underscores the strength of our U.S. capital markets and growing demand for our listed securities around the world," said Kevin Tyrrell, head of markets for the NYSE, in a statement. "As the steward of the U.S. capital markets, the NYSE is pleased to lead the way in enabling exchange-based trading for our U.S.-listed companies and funds to investors in time zones across the globe."
The NYSE plans to file updated rules with the Securities and Exchange Commission (SEC) and confirmed that trading during the extended hours will continue to be cleared by the Depository Trust & Clearing Corporation. All 8,000 securities listed on the U.S. stock exchange will be available for trading during the extended hours.
The news comes amid competition from alternative mobile trading platforms like Robinhood, which have been credited with bringing change to the industry by making trading of certain stocks and ETFs accessible by app 24 hours a day, five days a week.
The changes will make trading on the NYSE more accessible as the extended hours offer traders more opportunity to engage with the market, particularly those in different time zones.
Collection
[
|
...
]