Nasdaq to officially apply for "5X23" hour trading

BlockBeats News, December 16, according to foreign media reports, Nasdaq is planning to submit documents to the U.S. Securities and Exchange Commission on Monday to launch round-the-clock stock trading services. Nasdaq plans to extend the trading hours for stocks and exchange-traded products (ETPs) from the current five days a week, 16 hours per day, to 23 hours per day. Nasdaq's new "5X23" model will be divided into two main trading sessions:

The daytime session starts at 4:00 a.m. Eastern Time and ends at 8:00 p.m. This session will continue to include pre-market, regular, and after-hours trading periods, with the regular trading session's opening bell (9:30) and closing bell (4:00) remaining unchanged. The night session starts at 9:00 p.m. Eastern Time and ends at 4:00 a.m. the next day. During this period, trades executed between 9:00 p.m. and midnight will be considered as trades for the next calendar day. According to the new plan, the trading week will start at 9:00 p.m. on Sunday and end at 8:00 p.m. on Friday after the daytime session. (Golden Ten Data)