Summary
TLDR: NYSE is considering allowing 24/7 stock trading to align with changes in investor behavior influenced by crypto markets. Startup 24 Exchange is transitioning to focus on 24/7 equity trading, raising substantial investments. Transition poses challenges but could enhance investor engagement if successful.
Key Points
1. The New York Stock Exchange (NYSE) is considering allowing 24/7 stock trading, reflecting changing investment expectations influenced by the nonstop nature of crypto markets.
2. The NYSE has initiated a survey to gather stakeholders’ views on trading major stocks round-the-clock, driven by shifts in retail investor activity accelerated by the pandemic.
3. Startups like 24 Exchange (24X) are pivoting to focus on facilitating 24/7 equity trading, supported by substantial investments and aiming to meet the growing demand for continuous trading in major equities.