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Nasdaq to Officially Apply for "5X23" Trading Hours
BlockBeats News, December 16th. According to foreign media reports, Nasdaq is reportedly planning to submit a filing to the U.S. Securities and Exchange Commission on Monday to launch a 24/7 stock trading service. Nasdaq plans to extend the trading hours for stocks and exchange-traded products (ETPs) from the current five days a week, 16 hours a day to 23 hours. Nasdaq's new "5X23" model will be divided into two main trading sessions:
The Daytime Session will start at 4 a.m. Eastern Time and end at 8 p.m. This session will continue to include pre-market, regular, and after-hours trading sessions, with the regular trading session's opening bell (9:30) and closing bell (4:00) remaining unchanged. The Overnight Session will start at 9 p.m. Eastern Time and end at 4 a.m. the next day. During this session, trades executed between 9 p.m. and midnight will be considered part of the next calendar day's trading. Under the new plan, the trading week will start on Sunday at 9 p.m., end on Friday at 8 p.m. after the Daytime Session. (Jinse Finance)
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