The New York Stock Exchange announced on Friday that it plans to extend trading hours on its fully electronic exchange to 22 hours a day.
Under the new plan, trading on the NYSE Arca electronic exchange will begin at 1:30 a.m. and end at 11:30 p.m. ET on weekdays, pending regulatory approval.
The NYSE plans to submit the latest rule for extended trading hours to the U.S. Securities and Exchange Commission (SEC).
These extended hours would still fall under what is commonly known as pre-market and after-hours trading for U.S. stocks. Trading outside of regular hours (9:30 a.m. to 4:00 p.m. ET) requires regulatory approval.
The NYSE stated that the extended trading hours' clearing will continue to be managed by DTCC (Depository Trust & Clearing Corporation), which recently also announced an extension of its operating hours.
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