Nasdaq Inc. asked the U.S. Securities and Exchange Commission for permission to add an additional trading session, from 9 p.m. to 4 a.m. ET, to extend trading hours on its stock venues to 23 hours during the work week.
Breakdown
- Nasdaq proposes 23-hour weekday trading to the SEC 45s
- Retail and global investor demand drives the proposal 18s
- The plan would extend after-hours trading, not cash trading 52s
- Operational issues like clearing and data feeds remain unresolved 1m 9s
- Concerns exist about liquidity in the new trading session 1m 17s