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Highlights
The New York Stock Exchange plans to extend weekday trading hours on its NYSE Arca equities exchange to 22 hours a day.
Extended trading will occur from 1:30 AM to 11:30 PM Eastern Time, pending regulatory approval.
NYSE Arca is recognized as the leading U.S. exchange for listing and trading exchange-traded funds (ETFs).
The New York Stock Exchange (NYSE), a subsidiary of Intercontinental Exchange, Inc. (NYSE:ICE), has announced its intention to extend weekday trading hours on the NYSE Arca equities exchange to 22 hours per day. This initiative aims to accommodate growing demand for U.S. securities globally and to enhance trading accessibility for investors across various time zones.
If approved, the extended trading hours will be from 1:30 AM to 11:30 PM Eastern Time, excluding holidays. The NYSE will also engage with U.S. securities information processors to garner support for this extended trading initiative. NYSE Arca, a fully electronic exchange, is already the leading venue for listing and trading exchange-traded funds (ETFs) in the United States, and this extension will allow all U.S.-listed stocks, ETFs, and closed-end funds to be traded during these additional hours.
Kevin Tyrrell, Head of Markets at the New York Stock Exchange, emphasized the significance of this move, stating that it reflects the strength of U.S. capital markets and the increasing global demand for listed securities. He noted that the NYSE is committed to facilitating exchange-based trading for U.S.-listed companies and funds, thereby broadening access for international investors.
In conjunction with this initiative, the NYSE plans to file updated regulations with the Securities and Exchange Commission (SEC) to implement the extended trading hours. Trades executed during these additional hours will continue to be cleared by the Depository Trust & Clearing Corporation (DTCC), which has also announced its own plans to extend operational hours.
This development marks a significant evolution in the trading landscape, potentially enhancing liquidity and trading opportunities for market participants.