Green signal for 24-hour stock market by US SEC

Mumbai: America’s Securities and Exchange Commission (SEC) has given green signal to establish a 24-hour stock market. 24Xchange, a start-up backed by Steve Cohn’s Point72 Ventures, has received the approval, the report said.
With this approval, a new achievement has been seen in the global financial market. Sadar Exchange will initially commence operations with normal hours and increase the hours in a phased manner before becoming operational round the clock.

Currently, major currencies and Treasuries continue to trade continuously throughout the week, but equities have been left out for now, which will now see trading around the clock.

Due to strict rules and certain complexities in equity trading, it becomes difficult to operate round the clock. Due to the increasing interest of retail investors, there is a demand in many countries around the world to establish 24-hour stock markets like crypto markets.