New York Stock Exchange Plans To Extend Weekday Trading On Its NYSE Arca Equities Exchange To 22 Hours A Day; Extended-hours Trades To Be Cleared By DTCC
Portfolio Pulse from Benzinga Newsdesk
The New York Stock Exchange (NYSE) plans to extend trading hours on its NYSE Arca Equities Exchange to 22 hours a day. The extended-hours trades will be cleared by the Depository Trust & Clearing Corporation (DTCC).
October 25, 2024 | 11:32 am
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Intercontinental Exchange (ICE), the parent company of NYSE, is extending trading hours on its NYSE Arca Equities Exchange to 22 hours a day. This move could increase trading volume and liquidity, potentially impacting ICE's revenue positively.
As the parent company of NYSE, ICE's decision to extend trading hours could lead to increased trading activity, enhancing liquidity and potentially boosting revenue. This strategic move is likely to have a positive short-term impact on ICE's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80