NYSE To Extend Arca Exchange Trading To 22 Hours Per Day
Portfolio Pulse from Erica Kollmann
The NYSE, part of Intercontinental Exchange, plans to extend trading hours on its Arca exchange to 22 hours per day, pending regulatory approval. This move aims to meet global demand for U.S. equities. Robinhood Markets already offers 24-hour trading for select stocks and ETFs.
October 26, 2024 | 7:00 pm
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Intercontinental Exchange, owner of NYSE, plans to extend Arca exchange trading to 22 hours per day, pending regulatory approval. This could increase trading volume and global reach.
The extension of trading hours on the NYSE Arca exchange could lead to increased trading volume and attract more global investors, potentially boosting ICE's revenue and stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
Robinhood Markets offers 24-hour trading for select stocks and ETFs, a popular feature among its users. This positions Robinhood as a competitor in extended trading hours.
Robinhood's existing 24-hour trading feature positions it as a competitor in the extended trading hours market, but the direct impact on its stock price is neutral as the news focuses on NYSE's plans.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70