SEC to Hold Roundtable on 24-Hour Trading for U.S. Stocks on September 17
The U.S. Securities and Exchange Commission announced a roundtable meeting on September 17 at its Washington headquarters to discuss the transition of U.S. stocks to 24-hour trading.
Topics include preparations for overnight trading, all-weather market operations and resilience, as well as opportunities and challenges of extended trading hours; the meeting is open to the public and will be streamed online.
This initiative is part of a market infrastructure modernization driven by events, directing capital flow towards trading technology and clearing service providers, extending benefits to trading-related platforms, while traditional daytime trading models face pressure.
Source: Public Information
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During SEC Chairman Paul Atkins' tenure, electronic delivery rules and a cryptocurrency regulatory framework have been advanced. This roundtable follows the recent approval of extended trading hours by exchanges such as Nasdaq and Cboe, aiming to align with global markets that have achieved continuous trading.
The capital pathway focuses on balancing expanded access and investor protection through public discussion, motivated by global investor demand for all-weather trading in U.S. stocks and existing overnight activities in alternative trading systems, to avoid liquidity fragmentation.
Compared to some European and Asian markets that have already implemented extended hours, as well as the 24/7 trading norm in the cryptocurrency market, U.S. stocks are in a preparatory phase for transitioning from extended hours to true all-weather trading.
Essentially, this is a reconstruction of the industry chain, with the mechanism being that the maturity of technology and clearing infrastructure compels an update of the regulatory framework, synchronizing U.S. stock trading hours with the rhythm of global capital flows.
ABAB News · Law of Cognition
- Trading hours determine the boundaries of capital flow
- All-weather is the ultimate test of infrastructure
- The balance between protection and efficiency is never-ending.