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The move is part of a growing push in parts of the financial industry to expand trading beyond traditional Wall Street operating hours. The brokerage plans to allow round-the-clock trading between 8 p.m. ET Sunday and 8 p.m. ET Friday in 43 securities, including some popular stocks such as Amazon.com, Apple and Tesla.
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“It’s the next step in evolving the market to how it should work, which is 24/7, and more like a piece of software rather than a brick-and-mortar institution that’s tied to U.S. East Coast working hours,” Mr. Tenev said.
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