The New York Stock Exchange is seeking opinions from market participants about shifting the U.S. stock market to a 24/7 operating schedule.
A Steve Cohen-backed trading platform, 24 Exchange, is currently awaiting a decision from the SEC on whether it can launch the first 24/7 exchange. NYSE, whose roots stretch back to the 18th century, famously signals the start and end of daily trading with bell-ringing ceremonies in the morning and afternoon – though, because of electronic trading, buying and selling has for decades actually taken place before the first bell at 9:30 a.m. and after the second one at 4 p.m. New York time.
And cryptocurrencies never stop trading. “Anyone who wants to trade crypto 24/7 would also like to trade Apple or Microsoft 24/7,” 24 Exchange’s founder and CEO, Dmitri Galin,