Odaily Planet Daily News: To test market sentiment, the data analysis team of the New York Stock Exchange (NYSE) conducted a survey asking market participants whether they support 24/7 or 24-hour business day trading, and if so, what kind of system should be established to protect traders from overnight price fluctuations. The NYSE, as well as Nasdaq and CBOE, currently trades from 9:30 a.m. to 4:00 p.m. Eastern Time, Monday to Friday. In the United States, assets such as cryptocurrencies, U.S. Treasuries, foreign exchange and major stock index futures can already be traded 24/7, and some brokers also offer this service, including Robinhood and Interactive Brokers. At the same time as the NYSE conducted this survey, the startup 24X National Exchange is seeking approval from the U.S. SEC to launch the first 24-hour exchange in the country. Two people familiar with the matter said the SEC still has "a few months" to review the requested rule changes, and other relevant stakeholders are already considering related issues, such as who should bear the fees and the role of clearing houses. (FT)
