The Nasdaq wants to roll out something new: nonstop trading.
What’s happening:
- The Nasdaq has officially announced their intention to begin rolling out 24 hour a day trading
Why it matters:
- This is the first time ever that the Nasdaq has made a move to change their traditional trading hours, which represents a large scale shift towards nonstop global markets
Going deeper:
- 24 hour a day trading has started to become a major theme across both Wall Street and Silicon Valley, with legendary hedge fund manager Steve Cohen’s Point72 Ventures previously investing into 24 Exchange
- The New York Stock Exchange and the Cboe Exchange have also both previously announced plans to extend their trading hours as well
The intrigue:
- There has been a renewed focus in America on building new technology and innovation around traditional stock exchanges, which notably has led to the formation of the Texas Stock Exchange
The fine print:
- The Nasdaq being able to roll out 24 hour a day trading will still ultimately require approval from American regulators
