Trading hours that better reflect the worldwide character of financial markets are what the tech-focused stock exchange is looking for.
If regulatory clearance is obtained, the Nasdaq stock exchange is anticipated to implement 24-hour trading Monday through Friday in the second half of 2026.
Tal Cohen, president of the Nasdaq, said in a statement on March 7 that an increase of trading hours is necessary due to the increasing demand for US stocks and Nasdaq-linked exchange-traded funds (ETFs) on a global scale. “In the past five years, more than 56 exchange-traded products that track the Nasdaq-100 Index have launched, and 98% of these products were introduced outside of the United States,” Cohen said.
The Nasdaq president said, “As of June 2024, total foreign holdings of US equities reached $17 trillion, a 97% increase since 2019.”
Cohen said that there was a need to strike a balance between technical innovation and stability, acknowledging that corporate issuers were wary about 24-hour trading because of worries about liquidity and corporate activities.
The news comes after the New York Stock Exchange (NYSE) expressed interest in 24-hour stock trading and multiple Nasdaq applications for bitcoin exchange-traded funds (ETFs).
Related: As concerns about the CPI grow, the link between Bitcoin and the Nasdaq rises
Two cryptocurrency exchange-traded products (ETPs) were introduced by Swedish digital asset management Virtune on the Nasdaq Helsinki stock market on February 5.
Stock investors are exposed to Avalanche AVAX$16.90 and Cardano ADA$0.6767 through the ETPs. In addition to their 1:1 exposure to the digital currency, investors may earn an extra 2% income through Virtune’s staked Cardano ETP.
On February 21, Nasdaq submitted a listing application to the US Securities and Exchange Commission for the Canary HBAR ETF. The investment vehicle has 1:1 backing with HBAR HBAR$0.1943, the Hedera network’s native token.
The Grayscale Polkadot ETF, which contains DOT DOT$3.91, the native token of the layer-0 blockchain network Polkadot, was listed by the stock market on February 24.
Before real trading on exchanges can start, the SEC must still approve all US ETF files.
Following Donald Trump’s inauguration in January 2025, the SEC filed a record number of cryptocurrency ETF registrations, indicating a more lenient regulatory environment for asset managers and companies in the crypto sector looking to provide institutional exposure to digital assets.
Magazine: AI Eye: AI fails at dice throws, 25K traders wager on ChatGPT’s stock selections, and more
