The genie is out: 24-hour trading gaining momentum, Interactive Brokers chairman says
Global interest in the lucrative U.S. equity market has surged in recent years, driven by rising retail participation, prompting exchanges and financial firms to seek new methods to expand access, particularly by extending trading hours. In May, about 2.2% of Interactive Brokers' volume was done in overnight trading, Peterffy said, adding that he expects the number to rise to 25% to 30% in the next year. Interactive Brokers launched overnight trading in November 2022, while exchanges like Nasdaq, Cboe Global Markets and Intercontinental Exchange, the operator of the New York Stock Exchange, have announced plans for extended trading hours.
Reuters
•
49 minutes ago
