All articles tagged with #24 hour trading
eToro CEO Yoni Assia describes the current retail trading surge as part of the largest wealth transfer in history, with the platform introducing 24-hour trading on popular stocks and ETFs, aiming to compete with Robinhood and expand into new asset classes, amid a broader shift in financial markets and increasing interest from younger investors.
London Stock Exchange Group is considering implementing 24-hour trading to meet increasing demand from small investors, with discussions ongoing about the technological and regulatory aspects of such a move, amidst a broader trend of global exchanges extending trading hours.
The 24X National Exchange, set to launch in the second half of 2025, aims to offer nearly 23-hour trading on business days, pending final regulatory approvals. This new stock exchange will initially operate from 4:00 a.m. to 7:00 p.m. ET on weekdays, with plans to extend trading hours from Sunday evening to Friday evening. The initiative is part of a broader trend towards extended trading hours, influenced by the constant trading nature of cryptocurrencies. The exchange will initially target the Asia Pacific region's demand for overnight liquidity in U.S. equities.
The U.S. Securities and Exchange Commission has approved the first 24-hour stock exchange, 24 Exchange, backed by Point72 Ventures. This marks a shift towards continuous trading, aligning with the growing demand from retail investors for round-the-clock market access. The exchange will initially operate during regular hours before expanding to overnight sessions, with a daily one-hour pause for maintenance. This development follows similar moves by other trading platforms, reflecting a trend towards extended trading hours in the U.S. equity markets.
The US Securities and Exchange Commission has approved the first 24-hour stock exchange, 24 Exchange, backed by Point72 Ventures. Initially, it will operate during regular hours before expanding to overnight sessions. This move aims to accommodate retail investors who prefer trading outside traditional hours, similar to cryptocurrency markets. The approval marks a shift towards a "lit" market, where trades and prices are officially recorded, contrasting with "dark pools." The decision follows a previous application rejection and coincides with the New York Stock Exchange's plans to extend its trading hours.
Robinhood's stock rallied after the company reported better-than-expected earnings for Q1 2023, despite a drop in trading activity compared to last year. To boost engagement, the company announced the launch of a new 24-hour trading service called 24 Hour Market, which will allow customers to trade stocks around the clock. Robinhood has also introduced new products such as IRAs, advisory services, and futures offerings.
Robinhood, the popular trading app, is set to launch 24-hour trading on weekdays for stocks and ETFs. This move is aimed at attracting more customers and competing with other trading platforms. The new feature will be available to all users of the app, and it will allow them to trade during extended hours, which is currently only available to professional traders.