Charles Schwab, one of the leading financial companies in the U.S., has just announced an extension of trading hours for stocks and ETFs to 24 hours a day, 5 days a week. Although weekend trading is not yet supported, this is still a significant step forward, opening up more flexible investment opportunities for global investors.
Why Is This Good News for the Financial Market?
In the digital age, financial transactions are no longer limited by space and time. Previously, investors had to wait for the market to open to respond to unexpected events occurring outside trading hours. This led to significant volatility when the market reopened.