Cboe Global Markets to Introduce 24-Hour Trading for US Equities

Key Takeaways:

Extended Market Access – Cboe’s move to 24-hour trading will allow investors worldwide to trade US equities anytime, enhancing market liquidity and accessibility.

Catering to Global Demand – The initiative aims to accommodate international traders, especially in Asia and Europe, who previously faced challenges due to time zone differences.

Potential Market Impact – Continuous trading could increase volatility and price discovery outside traditional market hours, influencing investors’ reactions to global economic events.

Cboe Global Markets has announced plans to extend United States (US) equities trading to a 24-hour, five-days-a-week schedule on its Cboe EDGX Equities Exchange.

Overview

The exchange stated that the planned change addresses the rising global demand for broader access to US equities markets. This shift coincides with the growing presence of real-world asset (RAW) tokenisation platforms, which provide a 24/7 alternative to conventional securities markets. This initiative aims to meet the rising global demand for continuous access to US stock markets. 

Currently, Cboe offers extended trading hours from 4 a.m. to 8 p.m. ET. The proposed expansion will allow trading to continue throughout the night, only pausing on weekends. Cboe’s head of North American equities, Oliver Sung, said, “We continue to hear from market participants globally – particularly those in Asia Pacific markets like Hong Kong, Japan, Korea, Singapore and Australia – that they want greater access to US equities trading.” 

Catering to International Investors

The move is particularly significant for investors in the Asia-Pacific region, including markets in Hong Kong, Japan, Korea, Singapore, and Australia. These investors have expressed a desire for greater access to US equities trading during their local business hours. By offering a 24-hour trading cycle, Cboe enables overseas investors to trade during regular hours and allows US investors to respond to significant news events after traditional market hours. 

Enhancing Market Responsiveness

Introducing a 24-hour trading cycle will enable retail investors to trade overnight, allowing them to place buy and sell orders between the US market close at 8 p.m. ET and the opening of pre-market trading the following day. This move will also allow overseas investors to carry out their regular hours and US investors to react to significant news breaking after the usual trading hours. 

Industry-Wide Shift Towards Extended Trading Hours

Cboe’s decision aligns with a broader industry trend of extending trading hours to accommodate global investors. The New York Stock Exchange has also indicated plans to lengthen its trading day to nearly 22 hours, reflecting the growing demand for more flexible trading options. These developments underscore the increasing importance of providing investors worldwide with greater access to US equities markets, enhancing transparency, liquidity, and efficient price discovery.

 As Cboe seeks approval from the Securities and Exchange Commission to implement these extended hours, the move signifies a significant shift towards more inclusive and flexible trading environments, reflecting the evolving needs of a globalised investor base.



Fhumulani Lukoto Cryptocurrency Journalist

Fhumulani Lukoto holds a Bachelors Degree in Journalism enabling her to become the writer she is today. Her passion for cryptocurrency and bitcoin started in 2021 when she began producing content in the space. A naturally inquisitive person, she dove head first into all things crypto to gain the huge wealth of knowledge she has today. Based out of Gauteng, South Africa, Fhumulani is a core member of the content team at Coin Insider.

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