Coinspeaker
NYSE Polls Market Participants on Round Clock Stock Trading
The New York Stock Exchange (NYSE) has embarked on a significant inquiry, polling market participants regarding the potential benefits and challenges of implementing round-the-clock stock trading. As reported by the Financial Times, this initiative comes as US regulators closely examine an application for the establishment of the first 24/7 stock exchange.
NYSE Survey Outcome Could Shape Stock Trading in the US
The debate over extending trading hours beyond the current schedule has gained momentum in recent years, fueled by technological advancements and globalization.
Proponents argue that continuous trading would provide greater flexibility, enhance liquidity, and accommodate investors across different time zones. Moreover, it could align with the evolving nature of global financial markets and cater to the needs of modern investors who seek increased accessibility.
The survey asked respondents for their opinions regarding round-the-clock trading, including weekends, and how investors can be protected from price volatility. Market participants should evaluate if their time is better spent on regular market hour trading instead of overnight trading.
This move aligns with the related model in the broader crypto ecosystem which never sleeps. The market even had time to respond to the Bitcoin halving event over the weekend, a possibility not likely in the broader financial ecosystem.
As the NYSE conducts its survey, US regulators are closely scrutinizing an application for the establishment of a 24/7 stock exchange. This development underscores the regulatory complexities and considerations surrounding extended trading hours. Regulators must weigh the potential benefits against the risks, ensuring that market integrity, investor protection, and systemic stability are safeguarded.
The outcome of the NYSE survey and regulatory deliberations will shape the future landscape of stock trading in the United States. Depending on the feedback received and regulatory assessments, the introduction of a 24/7 bourse could mark a significant milestone in the evolution of financial markets.
Retail brokers such as Robinhood Markets Inc (NASDAQ: HOOD) now provide access to US stocks on weekdays for 24 hours. The trades are matched with their internal holdings or conducted through a dark pool trading venue like Blue Ocean, where shares are frequently traded with Asian retail investors during the daytime.
NYSE Filed a Trademark Application for NFT Marketplace
Recall that in 2022, the NYSE filed a trademark application with the United States Patent and Trademark Office (USPTO) to register its acronym “NYSE” for several crypto-related products and services. Interestingly, the filing by the New York Stock Exchange showed that the interest of the firm covers virtual reality, augmented reality software, Non-Fungible Token (NFT) classes, and online marketplaces.
On a short-term note, one can easily deduce that the exchange could be looking to build its own NFT marketplace. Meanwhile, on a long-term note, this innovation has multiple implications, including a popular suggestion that the exchange is making its ‘metaverse move.’
However, a further review of the filing indicated that the exchange might be looking to provide downloadable virtual goods while looking to build authentication of data in the field of NFTs using blockchain technology.
