Late-Night Trading Secrets: Wall Street Insiders Are Preparing for 22-Hour Trading - Are You?

Well friends, I guess the hustle and bustle of Wall Street during daylight hours is soon to be quite different. Why? Well, because in a move that’s about as subtle as a Wall Street bonus, the NYSE just announced it’s extending trading hours on its Arca electronic exchange to a cool 22 hours a day, five days a week. That’s right—starting at 1:30 a.m. ET and closing at 11:30 p.m. ET, Monday through Friday.

(Source: Bloomberg) 

Meaning, say goodbye to the rigid 9-to-4 grind and hello to trading for the night owls and early birds alike. Whereas, I’ll now be forced to be glued to my trading screen when I’m sipping my morning espresso AND when I’m downing my evening scotch… greaaaat. 

(Source: Giphy) 

What’s more, is that out of all people - we can all thank our friendly neighborhood Robinhood for this. After all, it’s the OG of 24/5 trading, paving the way for anyone with a smartphone to trade stocks like they're ordering takeout—whenever, wherever. Robinhood’s 24-hour trading model (Sunday 8 p.m. ET through Friday 8 p.m. ET) has been low-key revolutionizing the game since May 2023. And let’s not forget that crypto bros have been living this 24/7 grind forever. Not to be outdone, the NYSE decided it’s time to give the people what they want: more time to lose their shirts make money.

(Source: Fast Company) 

For instance, Kevin Tyrrell, NYSE’s head of markets, put it in typical corporate statement: “The NYSE’s initiative to extend U.S. equity trading to 22 hours a day... underscores the strength of our U.S. capital markets and growing demand for our listed securities around the world.”  Translation? The NYSE wants to stay relevant in an era where degenerate traders expect instant access, whether they’re in New York or New Delhi.

Of course, with that said though, this isn’t signed and sealed yet. The extended hours are still waiting on the SEC’s regulatory stamp of approval. But once it’s official, all 8,000 securities listed on the NYSE—including your favorite ETFs, blue-chip stocks, and closed-end funds—will be available for trading nearly all day, erryday baby. 

(Source: Giphy) 

Great for traders, right? But let’s pour one out for the poor financial firms who now have to figure out how to staff their trading desks around the clock. Early-morning coffee runs and late-night pizza orders are about to skyrocket LOL. The really interesting impact though is how this extended trading window could seriously shake up the way earnings reports are handled.

We all know how companies love to drop their quarterly earnings after the market closes, so they can avoid that immediate stock-price whiplash? Well, with 22-hour trading, that safety net is looking a little thinner. Stock prices could now react in real-time during these extended hours, meaning more volatility, and more chances for traders to pounce on those late-night opportunities. Whether that’s a good thing or bad thing… Well, that’s up to the trader who is willing to gamble their money around the clock. 

(Source: CNBC) 

But the end game here is that the NYSE has already been polling industry insiders about the possibility of non-stop trading. Sure, there are infrastructure challenges (because, you know, markets aren’t exactly run on vibes alone), but the demand is clearly there. NYSE’s president, Lynn Martin, hinted earlier this year that 24/7 might be closer than we think.

Now only time will tell what the SEC does with this, but the message is crystal clear: Lawmakers are definitely looking to make the markets a whole lot more flexible - where volatility will continue to run as rampant as Wall Street's insatiable level of greed. In the meantime, keep an eye on this story and as always, stay safe and stay frosty, friends! Until next time…

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Stocks.News holds positions in Robinhood as mentioned in the article.