Nasdaq to Launch 23-Hour US Stock Trading on Dec. 6 as Foreign Holdings Hit $17 Trillion
Updated
Updated · Yahoo Finance · Aug 18
Nasdaq to Launch 23-Hour US Stock Trading on Dec. 6 as Foreign Holdings Hit $17 Trillion
3 articles · Updated · Yahoo Finance · Aug 18
Summary
Dec. 6 will mark Nasdaq’s start of nearly 23-hour trading for US stocks, extending activity from Sunday evening to Friday evening pending SEC approval.
The new overnight window runs 9 p.m. to 4 a.m. ET, giving overseas investors—especially in Europe—far broader access than today’s pre-market and after-hours sessions, which have largely favored institutions.
$17 trillion in foreign holdings of US equities by mid-2024, up 97% since 2019, underpins Nasdaq’s push to capture demand now flowing to crypto venues, tokenized assets and perpetual futures.
NYSE already has approval for a 22-hour trading day, and Cboe has outlined similar plans, as exchanges respond to geopolitical shocks and investor demand that increasingly outlasts Wall Street’s traditional hours.
The December launch is Nasdaq’s first concrete step toward its longer-term goal of offering 24/7 stock trading.
As Nasdaq pushes for 23-hour trading this December, will the promised access empower investors or trap them in volatile overnight liquidity vacuums?
Could unresolved infrastructure hurdles and fragile price discovery turn Nasdaq's ambitious overnight trading launch into a chaotic nightmare for early adopters?