(Reuters)-CBOE Global Markets announced on Monday plans to expand US stock trading to a 24-hour form, five days a week to meet the global demand for the stock market in the country.
The plan seeks to enable trading, which will only be broken on weekends, in the exchange of CBOE EDGX shares (EDGX).
Why is this important
This step comes amid the increasing demand for the extended hours of trading from retailers, which causes some brokers and exchanges to expand their offers.
The New York Stock Exchange, a part of the Intentonnetteal Stock Exchange, said last year that it will be submitted to obtain permission to extend trading hours to 22 hours every working day.
Main quotes
“We are still hearing from the market participants worldwide – especially those in the Asia and Pacific markets such as Hong Kong, Japan, Korea, Singapore and Australia – that they want greater access to American stock trading and they need reliable places that can provide transparency and strong and effective liquidity. Oliver Song said, North American shares head at CBOE Global Markets: “Discover Price”.
Context
The 24 -hour trading cycle will allow the retail investors to allow trade overnight
This potential step will allow foreign investors to implement trades during normal hours and American investors to obtain a feature if the main news is broken later in the day.
(Participated in the reports of Bartam Bisas in Bangaluru; editing Shrea Bisas)
https://media.zenfs.com/en/reuters-finance.com/665fdace9a32758d377ac316356ccfcb
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