Cboe Global Markets Announces Plans For 24-Hour Stock Trading

Cboe Global Markets, Inc. CBOE announced on Monday that it plans to offer 24-hour, five days a week trading for U.S. equities on its Cboe EDGX Equities Exchange, subject to regulatory review.

The Details: Cboe said the proposed expansion of trading hours aims to meet growing global consumer demand for access to U.S. equities markets.

"We continue to hear from market participants globally — particularly those in Asia Pacific markets like Hong Kong, Japan, Korea, Singapore and Australia — that they want greater access to U.S. equities trading and need trusted venues that can offer transparency, robust liquidity and efficient price discovery," said Oliver Sung, head of North American Equities at Cboe Global Markets.

Cboe said it plans to make all listed NMS stocks available for trading on the EDGX exchange for 24 hours every business day, excluding U.S. holidays, with all trades expected to be cleared through the Depository Trust and Clearing Corporation.

The company cautioned the plans are subject to regulatory approval from the Securities and Exchange Commission and Cboe will collaborate with other industry participants to ensure operational readiness for 24-hour trading.

"By leveraging our global infrastructure, leading-edge technology and proven experience facilitating around-the-clock trading in global markets, we believe we can seamlessly support a 24×5 trading model for U.S. equities," Sung said.

What Else: Several brokerage firms currently offer U.S. investors access to 24-hour trading.

Robinhood Markets, Inc. HOOD offers 24-hour trading for over 900 stocks and ETFs and Interactive Brokers Group, Inc. IBKR provides access to more than 10,000 U.S. stocks, ETFs and U.S. equity index options for overnight trading.

Charles Schwab Corp. SCHW currently offers round-the-clock trading for about two dozen ETFs and plans to expand to all S&P 500 and Nasdaq-100 stocks, as well as hundreds of ETFs, by 2025.

Read Next: