SEC to Probe 23-Hour Stock Trading, Sets Sept. 17 Roundtable
Updated
Updated · Yahoo Finance · Jul 30
SEC to Probe 23-Hour Stock Trading, Sets Sept. 17 Roundtable
1 articles · Updated · Yahoo Finance · Jul 30
Summary
Sept. 17 is when the SEC will hold a public roundtable on whether U.S. stock markets can operate 23 hours a day, five days a week.
Paul Atkins said the agency is studying infrastructure, liquidity, risk and investor protections, with one daily hour reserved to shut systems down for software updates.
Major U.S. exchanges are preparing to be ready by year-end, even though centralized exchange trading still does not run around the clock.
24-hour access already exists at brokers including Robinhood, Interactive Brokers and Charles Schwab for select stocks, underscoring pressure on regulators to adapt to global off-hours trading.
Could a mere 60-minute daily pause be the only thing standing between U.S. markets and a catastrophic overnight flash crash?
Are legacy financial systems truly equipped for near-continuous trading, or will the rush to 23/5 operations trigger unprecedented operational failures?
Will retail investors trading at 3 a.m. become easy prey for algorithms exploiting wider spreads in a thinly traded 23-hour market?