Along with Nasdaq, the New York Stock Exchange, the leading exchange on the New York Stock Exchange, is pushing to extend the daily trading hours of its stock electronic trading platform, CNBC reported.
If the Securities and Exchange Commission, a U.S. securities authority, approves the extension of trading hours, the daily trading hours will increase by six hours from the current 16 hours to 22 hours.
Currently, the New York Stock Exchange operates from 4 a.m. to 8 p.m. Eastern time, and from 5 p.m. to 9 a.m. the next day in our view.
Reflecting domestic and international interest in U.S. stocks, the New York Stock Exchange is seeking to advance the opening hours of pre-market trading to 1:30 a.m. and delay after-hours trading to 11:30 p.m.If the extension of
trading hours is approved, it will be easier to trade stocks listed on the New York Stock Exchange during the daytime in South Korea.
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