Will support the global, exchange-based trading of all U.S.-listed equity products
Extended-hours trades to be cleared by DTCC
The New York Stock Exchange, part of Intercontinental Exchange, a leading global provider of technology and data, announced plans to extend weekday trading on its NYSE Arca equities exchange to 22 hours a day.
The extended trading would take place from 1:30 am to 11:30 pm Eastern Time on all weekdays, excluding holidays, subject to regulatory approval. The NYSE will also seek support for extended trading from the U.S. securities information processors. NYSE Group’s NYSE Arca is a fully electronic exchange that ranks as the top U.S. exchange for listing and trading exchange-traded funds. All U.S.-listed stocks, ETFs and closed-end funds would be available for trading on NYSE Arca during the 22-hour weekday sessions.
“The NYSE’s initiative to extend U.S. equity trading to 22 hours a day, 5 days a week underscores the strength of our U.S. capital markets and growing demand for our listed securities around the world,” said Kevin Tyrrell, Head of Markets, New York Stock Exchange. “As the steward of the U.S. capital markets, the NYSE is pleased to lead the way in enabling exchange-based trading for our U.S.-listed companies and funds to investors in time zones across the globe.”
The NYSE plans to file updated rules with the Securities and Exchange Commission for the extended trading. Trades taking place on NYSE Arca during these additional extended hours will continue to be cleared by the Depository Trust & Clearing Corporation, which recently announced plans to extend its hours of operation.
Source: ICE
NEWSLETTER SIGN UP
And receive exclusive articles on securities markets
As Technology Evolves, Asset Managers Adapt and Innovate
Citi Changes Organizational Structure
SEC Charges Virtu for Disclosures Relating to Information Barriers
ICE Futures Singapore Partners with CoinDesk Indices
Related articles
-
OneChronos ATS facilitated an average of $4.5bn in daily US equities trading volume in November.
-
The group is also introducing new architecture across its U.S options exchanges.
-
The new Active Strategies unit will be led by the co-chief investment officers equities in London.
-
SmartDark features prioritized routing to venues with larger executions sizes and better price stability.
-
Exchange group also aims to expand FICC trading and launch fixed income derivatives.