New York Stock Exchange's Prospects for 24/7 Crypto Trading
Date: 2024-04-29 Author: Gabriel Deangelo Categories: CRYPTO PAYMENTS
The New York Stock Exchange (NYSE) is considering introducing 24-hour trading similar to those found in the cryptocurrency and forex markets, as hinted at in its latest message to traders.
Commitment to innovation
The proposal was initiated by the head of the SAC hedge fund, Steve Cohen, who is working to launch his own 24 Exchange in Bermuda.
Prospects for implementation
The NYSE's plans are consistent with similar initiatives from past decades, but new accounting standards could push the idea forward.
24-hour trading promises a faster response to news, but is associated with increased volatility and limited free time for market participants.
Impact on the market
Such changes could redistribute power between market makers and high-frequency traders, altering market structure.
While the prospect of 24-hour trading opens up new horizons for the NYSE, it also raises questions about the stability and efficiency of the market over the long term.
