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The NYSE is polling market participants on the merits of trading stocks around the clock as regulators scrutinize an application for the first 24/7 bourse. The issue has become a hot topic in recent years, prompted in part by the 24/7 operation of cryptocurrency trading and the rise in retail investor activity first spurred by coronavirus pandemic lockdowns.
“I have no idea how much volume they’re going to be doing in the middle of the night. But it’s really not up to the SEC to decide whether it’s commercially viable or not,” said James Angel, a finance professor at Georgetown University, who filed a letter supporting 24X’s plan.
https://www.ft.com/content/31c3a55b-9af9-4158-8a49-4397540571bf
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