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The New York Stock Exchange Plans to Extend Weekday Trading on its NYSE Arca Equities Exchange to 22 Hours a Day

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The New York Stock Exchange (NYSE) has announced plans to extend weekday trading hours on its NYSE Arca equities exchange to 22 hours a day, from 1:30 am to 11:30 pm Eastern Time, subject to regulatory approval. The extended trading will apply to all U.S.-listed stocks, ETFs, and closed-end funds on NYSE Arca, which is currently the leading U.S. exchange for ETF listing and trading. The initiative aims to support global, exchange-based trading of U.S.-listed equity products, with trades to be cleared by the Depository Trust & Clearing The NYSE will file updated rules with the SEC and seek support from U.S. securities information processors for this extension.

La Borsa di New York (NYSE) ha annunciato piani per estendere gli orari di trading nei giorni feriali sulla sua borsa valori NYSE Arca a 22 ore al giorno, dalle 1:30 alle 23:30 ora orientale, soggetto all'approvazione delle autorità regolatorie. Il trading esteso si applicherà a tutte le azioni, ETF e fondi chiusi quotati negli Stati Uniti sulla NYSE Arca, che attualmente è la principale borsa negli Stati Uniti per la quotazione e il trading di ETF. L'iniziativa mira a supportare il trading globale di prodotti azionari quotati negli Stati Uniti, con le operazioni che saranno liquidate dal Depository Trust & Clearing. La NYSE presenterà regole aggiornate alla SEC e cercherà supporto dai processori di informazioni sui titoli statunitensi per questa estensione.

La Bolsa de Valores de Nueva York (NYSE) ha anunciado planes para extender el horario de negociación de lunes a viernes en su bolsa de valores NYSE Arca a 22 horas al día, desde la 1:30 am hasta las 11:30 pm hora del Este, sujeto a la aprobación regulatoria. La negociación extendida se aplicará a todas las acciones, ETF y fondos cerrados listados en EE.UU. en NYSE Arca, que actualmente es la principal bolsa estadounidense para la cotización y negociación de ETF. La iniciativa tiene como objetivo apoyar el comercio global de productos de acciones listados en EE.UU., con las transacciones siendo liquidadas por el Depository Trust & Clearing. La NYSE presentará reglas actualizadas a la SEC y buscará soporte de los procesadores de información de valores de EE.UU. para esta extensión.

뉴욕 증권 거래소(NYSE)NYSE 아카 주식 거래소의 주중 거래 시간을 하루 22시간으로 연장할 계획을 발표했습니다. 시간은 동부 시간 기준으로 오전 1시 30분부터 오후 11시 30분까지입니다. 이 연장은 규제 승인을 받는 조건으로 진행됩니다. 연장된 거래는 NYSE 아카 주식에 상장된 모든 미국 주식, ETF 및 폐쇄형 펀드에 적용되며, 현재 ETF 상장 및 거래를 위한 미국의 주요 거래소입니다. 이 이니셔티브는 미국 상장 주식 제품의 글로벌 거래를 지원하는 것을 목표로 하며, 거래는 예탁 신탁 및 청산 기관에 의해 정산됩니다. NYSE는 SEC에 업데이트된 규정을 제출하고, 이 연장을 위해 미국 증권 정보 프로세서로부터의 지원을 요청할 것입니다.

La Bourse de New York (NYSE) a annoncé des plans pour étendre les heures de négociation en semaine sur sa boursede valeurs NYSE Arca à 22 heures par jour, de 1h30 à 23h30, heure de l'Est, sous réserve de l'approbation des régulateurs. Le trading prolongé s'appliquera à toutes les actions, ETF et fonds fermés cotés aux États-Unis sur NYSE Arca, qui est actuellement la principale bourse américaine pour la cotation et le trading des ETF. L'initiative vise à soutenir le commerce mondial des produits boursiers cotés aux États-Unis, les transactions étant dénouées par le Depository Trust & Clearing. La NYSE déposera des règles mises à jour auprès de la SEC et cherchera le soutien des processeurs d'informations boursières américains pour cette extension.

Die New York Stock Exchange (NYSE) hat Pläne angekündigt, die Handelszeiten an Wochentagen an ihrer NYSE Arca Aktienbörse auf 22 Stunden pro Tag auszuweiten, von 1:30 Uhr bis 23:30 Uhr Eastern Time, vorbehaltlich der regulatorischen Genehmigung. Der erweiterte Handel gilt für alle in den USA gelisteten Aktien, ETFs und geschlossenen Fonds an NYSE Arca, die derzeit die führende US-Börse für die Notierung und den Handel von ETFs ist. Die Initiative zielt darauf ab, den globalen, börsengestützten Handel mit in den USA gelisteten Aktienprodukten zu unterstützen, wobei die Trades durch die Depository Trust & Clearing abgewickelt werden. Die NYSE wird aktualisierte Regeln bei der SEC einreichen und Unterstützung von US-Wertpapierinformationen anfordern, um diese Erweiterung zu ermöglichen.

Positive
  • Expansion of trading hours to 22 hours per day increases market accessibility and trading opportunities
  • Potential for increased trading volume and revenue through extended trading hours
  • Enhanced global market presence and competitiveness
Negative
  • Implementation subject to regulatory approval, creating uncertainty
  • Additional operational costs and infrastructure requirements for extended hours

Insights

The NYSE's planned expansion to 22-hour trading represents a significant structural shift in U.S. equity markets. This move will align American markets more closely with global trading cycles, particularly benefiting Asian and European investors who previously had access to U.S. securities during their primary trading hours.

The initiative has several key implications:

  • Enhanced liquidity across time zones, potentially reducing price gaps between sessions
  • Increased competition with international exchanges and 24/7 crypto markets
  • Greater trading opportunities for ETFs, which make up a substantial portion of NYSE Arca's volume
The DTCC's support for extended clearing operations is important for risk management and settlement efficiency. However, investors should note that extended hours typically experience lower liquidity and higher volatility than regular sessions.

This expansion necessitates significant technological infrastructure upgrades across the trading ecosystem. The extended hours will require:

  • Enhanced real-time risk management systems
  • Upgraded market data distribution capabilities
  • Modified surveillance systems for detecting manipulation across extended periods
For ICE, this represents a strategic revenue opportunity through increased trading volumes and market data fees. The initiative could particularly benefit their data and analytics business segment, as 22-hour trading will generate substantially more market data and create demand for new analytical tools.

Will support the global, exchange-based trading of all U.S.-listed equity products

Extended-hours trades to be cleared by DTCC

NEW YORK--(BUSINESS WIRE)-- The New York Stock Exchange, part of Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of technology and data, today announced plans to extend weekday trading on its NYSE Arca equities exchange to 22 hours a day.

The extended trading would take place from 1:30 am to 11:30 pm Eastern Time on all weekdays, excluding holidays, subject to regulatory approval. The NYSE will also seek support for extended trading from the U.S. securities information processors. NYSE Group’s NYSE Arca is a fully electronic exchange that ranks as the top U.S. exchange for listing and trading exchange-traded funds. All U.S.-listed stocks, ETFs and closed-end funds would be available for trading on NYSE Arca during the 22-hour weekday sessions.

“The NYSE’s initiative to extend U.S. equity trading to 22 hours a day, 5 days a week underscores the strength of our U.S. capital markets and growing demand for our listed securities around the world,” said Kevin Tyrrell, Head of Markets, New York Stock Exchange. “As the steward of the U.S. capital markets, the NYSE is pleased to lead the way in enabling exchange-based trading for our U.S.-listed companies and funds to investors in time zones across the globe.”

The NYSE plans to file updated rules with the Securities and Exchange Commission for the extended trading. Trades taking place on NYSE Arca during these additional extended hours will continue to be cleared by the Depository Trust & Clearing Corporation, which recently announced plans to extend its hours of operation.

About Intercontinental Exchange

Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune 500 company that designs, builds and operates digital networks that connect people to opportunity. We provide financial technology and data services across major asset classes helping our customers access mission-critical workflow tools that increase transparency and efficiency. ICE’s futures, equity, and options exchanges – including the New York Stock Exchange – and clearing houses help people invest, raise capital and manage risk. We offer some of the world’s largest markets to trade and clear energy and environmental products. Our fixed income, data services and execution capabilities provide information, analytics and platforms that help our customers streamline processes and capitalize on opportunities. At ICE Mortgage Technology, we are transforming U.S. housing finance, from initial consumer engagement through loan production, closing, registration and the long-term servicing relationship. Together, ICE transforms, streamlines and automates industries to connect our customers to opportunity.

Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located here. Key Information Documents for certain products covered by the EU Packaged Retail and Insurance-based Investment Products Regulation can be accessed on the relevant exchange website under the heading “Key Information Documents (KIDS).”

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 – Statements in this press release regarding ICE's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE's Annual Report on Form 10-K for the year ended December 31, 2023, as filed with the SEC on February 8, 2024.

Category: NYSE

NYSE Media Contact:

Lauren Sullivan

lauren.sullivan@nyse.com

(212) 656-2321

ICE Investor Contact:

Katia Gonzalez

katia.gonzalez@ice.com

(678) 981-3882

Source: Intercontinental Exchange

FAQ

What are the new trading hours planned for NYSE Arca (ICE)?

NYSE Arca plans to operate from 1:30 am to 11:30 pm Eastern Time on weekdays, excluding holidays, extending to 22 hours per day.

Which securities will be available during NYSE Arca's extended hours?

All U.S.-listed stocks, ETFs, and closed-end funds will be available for trading during the 22-hour weekday sessions.

Who will clear trades during NYSE Arca's extended hours?

The Depository Trust & Clearing (DTCC) will continue to clear trades during the extended hours.

Does NYSE Arca's extended hours plan require regulatory approval?

Yes, the plan requires SEC approval, and NYSE will need to file updated rules with the Securities and Exchange Commission.

Intercontinental Exchange Inc.

NYSE:ICE

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