The New York Stock Exchange is extending trading on its Arca equities venue to 22 hours on weekdays, capitalizing on global demand for U.S. stocks.
The largest U.S. stock exchange will offer trading on Arca — one of its main venues — from 1:30 a.m. to 11:30 p.m. eastern time on all weekdays, excluding holidays, it said in a statement Friday.
The move, subject to regulatory approval, makes U.S. listed stocks, ETFs and closed-end funds available for trading outside the normal 9:30 a.m. to 4 p.m. window.
NYSE said the Depository Trust & Clearing Corporation (or DTCC) will continue to clear all trades in the extended hours.
The initiative underscores the "growing demand for our listed securities around the world," said Kevin Tyrrell, the exchange's head of markets.
