NYSE Official Announcement: Plans to Extend US Stock Trading Hours to 22 Hours a Day

On Friday, the New York Stock Exchange (NYSE) announced its plan to extend the trading hours of its fully electronic exchange, NYSE Arca, to 22 hours per working day, pending regulatory approval. This latest "22-hour" trading system will apply to all U.S.-listed stocks, ETFs, and closed-end trading funds. NYSE stated that the extended trading hours will start at 1:30 a.m. Eastern Time (corresponding to 1:30 p.m. Beijing Time during North American Daylight Saving Time) on weekdays and continue until 11:30 p.m. Beijing Time. Currently, the extended trading hours of the New York Stock Exchange are from 4 a.m. to 8 p.m. Eastern Time. The regular trading hours with high trading volume are from 9:30 a.m. to 4 p.m. Eastern Time. In recent years, there has been a growing interest in 24/7 trading in the U.S. market. The extension of trading hours by the New York Stock Exchange is in line with this trend. In May 2023, Robinhood introduced a "24/5 trading" service, open from 8 p.m. Eastern Time on Sundays to 8 p.m. on Fridays. The global cryptocurrency market truly operates 24/7, trading 24 hours a day, 7 days a week. NYSE Arca is a significant platform that plays a crucial role in the global financial market, facilitating the trading of ETFs and over 8,000 U.S.-listed securities. It is a subsidiary of the New York Stock Exchange (NYSE). Kevin Tyrrell, the Head of NYSE Markets, stated in a release: "Extending U.S. stock trading hours to 22 hours per day, 5 days a week, underscores the strength of the U.S. capital markets and the increasing global demand for U.S.-listed securities. As stewards of the U.S. capital markets, NYSE is pleased to lead exchange-based trading among investors in various time zones worldwide." NYSE plans to submit updated rules to the U.S. Securities and Exchange Commission for the extended trading hours. Trades during the extended hours will be settled through U.S. depository trust and clearing corporations