A System Similar to Cryptocurrency Markets is on the Agenda!
The SEC aims to pave the way for traditional stock markets to trade for longer hours, similar to cryptocurrency markets. The technical and operational aspects of a model that would allow investors to buy and sell stocks at any time of day, as in cryptocurrency markets, will be evaluated.
The meeting will specifically address issues related to how night trading can be conducted, market surveillance, liquidity, clearing and settlement processes, and investor protection.
Major Financial Institutions Will Attend the Meeting!
With this meeting, the SEC managed to bring together the biggest institutions on Wall Street at the same table.
The statement indicated that representatives from 17 major companies would attend the meeting. These companies reportedly include giants such as BlackRock, Citi, Nasdaq, NYSE, Cboe, FINRA, State Street, Citadel Securities, UBS, Robinhood, and Charles Schwab.
Finally, this SEC meeting could signal a significant change in US stock market trading hours. If a 24-hour trading model is implemented, investors’ access to US stocks could expand considerably. However, it’s also noted that the meeting alone doesn’t guarantee the implementation of 24/7 trading.
*This is not investment advice.