Nasdaq and NYSE Arca announce the addition of overnight trading sessions starting December 6.
According to cnBeta, Nasdaq and NYSE Arca, along with four core exchanges, will add overnight trading sessions starting December 6, expanding daily hours to 23 hours. The change aims to address crypto and prediction market competition and attract overseas investors, with SEC data showing overnight trading currently about 1% of total volume but growing rapidly. Analysts note concerns about market quality, liquidity, and bid-ask spreads, while some believe the extension could improve price discovery if regulators push reforms and if buy-side participation materializes.
Key facts
- 01Nasdaq and NYSE Arca will add overnight trading sessions starting December 6, expanding to 23 hours a day.
- 02The expansion includes four core exchanges, with existing late-day and pre-market/after-hours hours.
- 03Overseas investors accounted for 37% of overnight volume in Q2 this year.
- 0414-15? stocks dominated overnight volume, with 50% of activity concentrated in 15 stocks, many from China/Hong Kong listed penny stocks.
- 05DTCC switched to a 24x5 clearing schedule since June, and SIPs were approved to extend hours.
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