Needs regulatory approval and securities information processors (SIP) updates

We were quoted regarding this in a Reuters article by Manya Saini—”Nasdaq plans 24-hour trading as global appetite for US stocks grows“—that was picked up internationally.

The global demand for US stocks is already there, so Nasdaq moving to 24-hour trading will help better enable its execution and may attract more trading capital from abroad as well as from digital market makers that may see an advantage to trading during odd hours.

NYSE and NASDAQ have also become the main venues for new and primary European and Asian listings and 24-hour trading will only make them more attractive since the shares can move in sync with both the U.S. market as well as the home country.

QUOTED EXCERPT
“I suspect regulatory approval will occur once the securities information processors are updated to handle round the clock markets,” Michael Ashley Schulman, partner and CIO at Running Point Capital Advisors told Reuters.

Exchanges might initially experiment with extended trading in large market-cap stocks, but “it will be interesting to see if they charge extra fees for extended trading,” Schulman said. “Liquidity and fair market pricing will be relevant issues to address.”

~~
Running Point, “we are your family office”™️
PPLI and PPVA managed separate accounts,
Tailored financial planning, wealth management, estate planning, investing, taxes, economy

…if it’s in the papers, it’s in the price. Meaningful price changes only occur when new, previously unexpected information appears

Bill Miller, American investor, fund manager, and philanthropist; ex-chairman and chief investment officer of Legg Mason Capital Management

Disclosure: The opinions expressed are those of Running Point Capital Advisors, LLC (Running Point) and are subject to change without notice. The opinions referenced are as of the date of publication, may be modified due to changes in the market or economic conditions, and may not necessarily come to pass. Past performance is not indicative of future results. Forward-looking statements cannot be guaranteed. Running Point is an investment adviser registered with the U.S. Securities and Exchange Commission. Registration does not imply a certain level of skill or training. More information about Running Point’s investment advisory services and fees can be found in its Form ADV Part 2, which is available upon request. RP-25-53