Background
As we all know, the traditional trading hours of the stock market have clear boundaries, which is in stark contrast to the uninterrupted trading provided by the cryptocurrency market. The continuous trading ability of the cryptocurrency market has attracted global investors and posed a challenge to traditional exchanges. The New York Stock Exchange (NYSE) is considering expanding its trading hours to meet the market's demand for more flexible trading hours. It is reported that the plan is to allow the exchange to meet 24/7 stock trading operations to maintain its competitiveness with cryptocurrency trading platforms.
NYSE's market research reflects the strong interest in 24-hour trading, which aims to connect with global financial markets and attract more investors, including those in Asia. Although 24-hour trading faces challenges such as technology, regulation and market volatility, its potential advantage is that it can provide a more consistent global trading experience while responding to investors' expectations for 24-hour market access.