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Today in ThinkDesktop I see certain stocks now showing a beige icon indicating it's available for 24x5 trading. Not sure how they're picking them since only INTC and EXC are showing it on my watchlist, while other 'big' US names are not. Guess it's a slow roll-out..... I'll try to see what their bid/ask is like during the late local news sometime .... or maybe on the way back from the bathroom at 3AM if I remember and am so inclined.
As the US exchanges haven't decided on this yet, the likely 24/5 trading is by using foreign exchanges or private trading involving willing market-makers, hedge-funds, and firms' inventories.
As the US exchanges haven't decided on this yet, the likely 24/5 trading is by using foreign exchanges or private trading involving willing market-makers, hedge-funds, and firms' inventories.
Yeah, that's kind of what I'm thinking. Or Schwab's own dark pools ... whatever, should be interesting.
"The New York Stock Exchange (NYSE:ICE) and Nasdaq (NASDAQ:NDAQ) are watching closely as the SEC approved the first U.S. stock exchange that would operate during most hours of every weekday.
The 24X National Exchange, started by hedge-fund billionaire Steve Cohen, has the potential to shake up market dynamics, with many brokers already switching to extended trading and nonstop trading of select stocks. The newly approved exchange would operate 23 hours daily (including a break from 7 PM to 8 PM), and five full days a week (from Sunday evening to Friday evening)."
Aside from what is today's trading hours (9:30am-4:00pm EST) will all the additional hours be considered as pre-market or after-hours trading with 'limit' orders only?
Comments
"The New York Stock Exchange (NYSE:ICE) and Nasdaq (NASDAQ:NDAQ) are watching closely as the SEC approved the first U.S. stock exchange that would operate during most hours of every weekday.
The 24X National Exchange, started by hedge-fund billionaire Steve Cohen, has the potential to shake up market dynamics, with many brokers already switching to extended trading and nonstop trading of select stocks. The newly approved exchange would operate 23 hours daily (including a break from 7 PM to 8 PM), and five full days a week (from Sunday evening to Friday evening)."